You are on page 1of 138

Accounting & Finance 2012

Preparing Students for


the World That Awaits

McGraw-Hill Higher Education empowers instructors to help students succeed academically


now and into the future by providing flexible, superior-quality solutions that serve the
needs of instructors and students end to end - from textbooks and digital instructional
content and tools to innovate subject mastery, experiential learning and assignment/
assessment solutions.

Connect.
We connect instructors and students to valuable course content
and resources - and we connect instructors and students to each
other - with the best traditional and digital teaching tools.

Learn.
We enable greater learning and deeper comprehension with the
highest-quality tools and content that let students engage with
Accounting
&
their coursework when, where and however they learn best.

Succeed.
We provide the learning resources students need to connect
success in the classroom with success in the world that awaits. Finance
2012

McGraw-Hill Education (Asia)


60 Tuas Basin Link
Singapore 638775
Tel (65) 6863 1580
Fax (65) 6862 3354
email: mghasia_sg@mcgraw-hill.com
website: www.mheducation.asia C11-000813-X
M c g r aw - h i l l 2 0 1 2 c a t a l o g

Welcome to McGraw-Hill’s 2012 Accounting & Finance Catalog. Inside


this catalog, you will find a wide selection of McGraw-Hill latest academic
publications. Apart from those published from the US, we have also included
publications from Asia as well as from our subsidiaries in Australia, India and
United Kingdom. For the benefit of students, widely adopted textbooks are
made available as low-priced McGraw-Hill International Editions (see titles in
this catalog tagged with “International Edition”).

REVIEW COPY REQUEST


Teaching professionals who wish to consider McGraw-Hill titles for textbook
adoption may request for a review copy. To request for a review copy:
ƒƒ contact your local McGraw-Hill Representatives or,
ƒƒ fax the Review Copy Request Form found in this catalog or,
ƒƒ e-mail to mghasia_sg@mcgraw-hill.com or,
ƒƒ submit online at www.mheducation.asia
(Note: All requests for review copies are subject to approval. McGraw-Hill
reserves the right to refuse any requests that do not relate to teaching).

HOW TO ORDER
McGraw-Hill books and International Editions are easily available through
your local bookstores. In case of difficulty in purchasing our publications,
please contact the local McGraw-Hill office (see inside back cover) or send
your orders to:
McGraw-Hill Education (Asia)
60 Tuas Basin Link
Singapore 638775
Tel: (65) 6863 1580
Tel: (65) 6868 8188 (Customer Service Hotline)
Fax: (65) 6862 3354
Email: mghasia_sg@mcgraw-hill.com

A Note to LibrarianS
Please place your orders through your regular local Library Supplier/Contractor.
For further assistance, kindly contact your local McGraw-Hill Education (Asia)
representative.

INVITATION TO PUBLISH
McGraw-Hill is continuously sourcing for quality manuscript for the academic
and professional markets in Asia for inclusion in our global publishing program.
Please contact your local McGraw-Hill office or email us directly in Singapore
at asiapub@mcgraw-hill.com if you are planning to write a book.

MAILING LIST
If you wish to receive up-to-date information on McGraw-Hill’s new publications
regularly, please submit your particulars on the mailing list form (see back
pages) and return to us by fax or mail.

Cover design images©istockphoto.com


CONTENTS

Accounting Finance
Accounting for Non-Accounting Managers.................... 10 Bank Management........................................................95

Accounting Information Systems................................... 37 Behavioral Finance........................................................97

Accounting Principles...................................................... 5 Business Finance..........................................................83

Accounting Principles Supplements................................ 9 Cases in Corporate Finance..........................................87

Accounting Theory......................................................... 54 Derivatives / Futures & Options.....................................91

Advanced Accounting.................................................... 38 Finance for the Non-Financial Managers.................... 101

Advanced Managerial Accounting................................. 49 Financial Institutions and Markets.................................93

Auditing......................................................................... 43 Financial Institutions Management................................93

Auditing Practice Cases................................................ 48 Financial Planning.........................................................97

Computerized Accounting............................................. 29 Financial System.........................................................103

Corporate Financial Reporting...................................... 60 International Financial Management............................. 96

Cost Accounting / Cost Management............................ 33 Investments - Graduate.................................................87

Cost Accounting Supplements...................................... 35 Investments - Supplementary........................................86

College Accounting........................................................ 35 Investments - Textbooks................................................83

Financial Accounting......................................................11 Managerial & Corporate Finance - Graduate................ 79

Financial Accounting Supplements............................... 21 Managerial & Corporate Finance - Supplements.......... 77

Financial Statement Analysis........................................ 56 Managerial & Corporate Finance - Textbooks............... 65

Governmental / Non Profit............................................. 53 Mathematics of Finance..............................................102

Intermediate Accounting................................................ 31 Money and Capital Markets...........................................89

Intermediate Accounting Supplements.......................... 33 Personal Finance..........................................................98

International Accounting................................................ 55 Portfolio Management...................................................90

Management Control..................................................... 61

Managerial Accounting.................................................. 22 Insurance & Real Estate


Managerial Accounting Supplements............................ 28 Professional References.............................................106

MBA Managerial............................................................ 59 Real Estate Finance / Investment...............................106

MBA Principles.............................................................. 60 Real Estate Principles, Analysis & Management.........105

Other Accounting........................................................... 61 Risk Management.......................................................102

Survey of Accounting..................................................... 58 Upper Division Insurance............................................105

Undergraduate Taxation................................................ 49
Indexes
Author Index............................................................... 112

Title Index................................................................... 107

i
CONTENTS

ii
Live and
available for
use in your
course
TODAY!

Productivity | Efficiency | Simplicity


An unrivaled, total course solution—McGraw-Hill and Blackboard have partnered to deliver content
and tools directly inside your learning management system.*
Manage your course content, assignments, and assessments...all from within your existing Blackboard® environment.

1 Pair Your Course IT’S AS EASY AS 1-2-3!


Just pair your Connect course with
your Blackboard course to create
a seamless experience for you and
your students.
Deploy Assignments
2 Once paired, you can import all your Connect
assignments with a couple of clicks, and you
can also build new Connect assignments –
right from within your Blackboard system.

Single Sign On with a Single


3 Integrated Gradebook
Students access all of their assignments right within the
Blackboard platform without ever logging on to another site,
and their grades are automatically recorded in the
Blackboard gradebook.

* Compatible with Blackboard Learn™, Releases 9.1, 9.0 and 8.0

Visit DoMoreNow.com
+ =

McGraw-Hill Connect® and McGraw-Hill Create are now fully integrated into
TM

the Blackboard Learn platform.


Enjoy simplified access to the highest quality, media-rich content and adaptive learning and assessment
engines for faculty, students and institutions.

A Total Course Solution


This unprecedented integration of publisher-
provided content and tools into a learning
management system offers the enhanced Locally Hosted
experience of all course resources in a All hosted within your institution’s
single online environment. Blackboard instance, students now
have the means to better connect
with their coursework, instructors,
and the important concepts that they
will need to master for success now
and in the future.

Key Features
l Single Sign-On
A single login and single environment provide seamless access to
all course resources – all McGraw-Hill’s resources are available
within the Blackboard Learn platform.
l One Gradebook
Automatic grade synchronization with Blackboard gradebook.
All grades for McGraw-Hill assignments are recorded in the
Blackboard gradebook automatically.
l 100% FERPA compliant solution protects student privacy.
l Deep Integration
One click access to a wealth of McGraw-Hill content and tools –
all from within Blackboard Learn™.

Visit DoMoreNow.com
L E SS M A N A G IN G .
M O RE TE A C H I N G .
G RE AT ER LEA RN I N G .

What is Connect? Connect Features:


McGraw-Hill Connect™ is an online assignment and McGraw-Hill Connect offers a number of powerful
assessment solution that connects your students tools and features to make managing assignments
with the tools and resources they’ll need to achieve easier, so you can spend more time teaching.
success. With Connect, students can engage with their
coursework anytime and anywhere, making the
With Connect, enjoy simple course management
learning process more accessible and efficient.
so you can spend less time administering and more
time teaching. You’ll have access to rich course Simple assignment management
resources and tools that drive performance like With Connect, creating assignments is easier
never before. than ever, so you can spend more time teaching
and less time managing.
Smart grading
When it comes to studying, time is precious.
Connect helps students learn more efficiently by
providing feedback and practice material when
they need it, where they need it.
Personalized Diagnostic and Learning Plan
– LearnSmart
Personal learning Plan assess students
understanding of key concepts with diagnostics
and adaptive questions; then tailor coaching
and practice materials to each student’s skills
and knowledge gaps
ConnectPlus eBooks
Connect reinvents the textbook learning
experience for the modern student. Every
Connect subject area is seamlessly integrated
To learn more about Connect, go to with ConnectPlus eBooks, which are designed
www.mcgraw-hillconnect.com or contact your to keep students focused on the concepts key
local representative. to their success.
Higher Education

Bright futures begin with


a smarter way to learn.
LearnSmart is an adaptive learning system designed to
help students learn faster, study more efficiently, and
retain more knowledge for greater success.

Measure.
Assess and monitor students’ knowledge
levels.

Adapt.
Provide interactive assessments based on
strengths & weaknesses.

Empower.
Map out a personalized plan for successful
learning.

LearnSmart has helped engage the learner in a way I didn’t think was possible. It has
also helped me to be a more reflective teacher and pinpoint class issue with a topic.
~Professor Frank Wray, University of Cincinnati

Study Anytime and Anyplace.


Students may supplement their Scan, LearnSmart.
online study with the LearnSmart News.
mobile app available for the Tips.
Tricks.
iPhone, iPod Touch, and iPad.
All in one
place.

www.mhhe.com/learnsmart/

Copyright © 2011 The McGraw-Hill Companies. All rights reserved.


Learning Technology by Area9
Winner of 2010 Serious Games
Showcase & Challenge

A Real World Multiplayer Marketing Game


for Practical Learning
Practice Marketing is an online, interactive learning
environment that simulates the full marketing mix
including market segmentation, product, pricing,
promotion, and place.

Using knowledge built in the Principles of Marketing


course, students become a marketing manager in a
company entering the backpack market. By making
decisions and seeing the results, players get feedback
on their actions, and learn by doing. Players then
review and can amend their decisions to react to their
competitors’ decisions. Powerful assessment, reporting,
and debriefing tools complement this educational
process.

Visit: www.mhpractice.com
BSG and GLO-BUS are Fun, Easy, and Effective
BSG and GLO-BUS are two strategy simulations giving students a competitive advantage.

Used by more than 600 schools around the world and played by more than 450,000 students, BSG
and GLO-BUS are well accepted strategy simulations used by numerous educational institutions
worldwide.
Incorporating a strategy simulation like BSG or GLO-BUS in a course is an effective and powerful
way for students to learn how to apply and use core concepts covered in the text chapters.
Professors who teach strategy courses are finding that simulations are every bit as effective as case
analysis in providing students a means of applying what they have read about in the text chapters.

The Business Strategy Game


(BSG) is McGraw-Hill/Irwin’s
online strategy simulation
modeled around athletic
footwear industry.

www.bsg-online.com

GLO-BUS is McGraw-Hill/Irwin’s
online strategy simulation
modeled around digital camera
industry.

www.glo-bus.com

Take a Virtual Tour and Demo NOW! Visit http://www.mhhe.com/irwin/BSG_Glo-Bus/


STOCK-TRAK is the most comprehensive online trading simulation featuring stocks, bonds,
mutual funds, options, futures, spots, future options, and international stocks, created
specifically for classroom use. STOCK-TRAK is used by over 1,100 professors and 60,000
students worldwide each year.

Students receive $500,000 of hypothetical money in a STOCK-TRAK brokerage account, a


toll-free number for web page support and customer service, and 24/7 access to their accounts.
No other simulation can offer all of these features!

Instructors customize STOCK-TRAK to fit their class by choosing the starting and ending date
of their trading period, initial cash balance, and diversification requirements. Instructors also
have 24/7 access to their students’ ranking and account detail so they can see exactly what
their students are doing, and they receive weekly reports of class performance.

STOCK-TRAK can be used as homework, end-of-course project, class contest, extra


credit, or just as a discussion starter in class.

There is a separate cost for using STOCK-TRAK with this text. Contact your local representatives
for more information on prices for subscribing to a semester of STOCK-TRAK. Check out the
website at www.stocktrak.com for a demo of the product and more ideas on how to use
this simulation in class.
Your Partner in
Test Generation

Imagine being able to create and access your


software. Now, with the newest release of EZ Test Online, instructors can select questions from multiple
McGraw-Hill test banks, author their own and then either print the test for paper distribution or give it online.

Features and Functions


n Test Creation
n Online Test Management
n Online Scoring and Reporting
n EZ Test is designed to make it simple for you to select questions from McGraw-Hill test banks. You can
use a single McGraw-Hill test bank, or easily choose questions from multiple McGraw-Hill test banks.
n EZ Test supports the use of following question types:
n True or False n Fill In the Blank n Short Answer
n Yes or No n Numeric Response n Survey
n Multiple Choice n Matching n Essay
n Check All That Apply n Ranking

n Uses variables to create algorithmic questions for any question type.
n You can create multiple versions of the same test.
n You can scramble questions to create different versions of your test.
n Automated scoring for most of EZ test’s numerous questions types.

How do you get it?


To learn if it is available with your book, contact your local McGraw-Hill Education Representatives
or email mghasia_sg@McGraw-Hill.com.

EZ Test.indd 1 21/11/07 11:40:26


New Titles

ACCOUNTING
2013 Author ISBN Page
Introduction to Managerial Accounting, 6e Brewer 9780078025419 22

Essentials of Accounting for Governmental and Not-for-Profit Organizations, 11e Copley 9780078025457 53

Fundamental Financial Accounting Concepts, 8e Edmonds 9780078025365 11

Computer Accounting with Quickbooks Pro 2012, 14e Kay 9780078025341 29

Advanced Accounting, 11e Hoyle 9780078025402 38

Fundamentals of Advanced Accounting, 5e Hoyle 9780078025396 39

Accounting Information Systems, 3e Hurt 9780078025334 37

Principles of Taxation for Business and Investment Planning: 2013 Edition, 16e Jones 9780078025488 49

Auditing & Assurance Services, 5e Louwers 9780078025440 43

Financial Statement Analysis and Security Valuation, 5e Penman 9780078025310 56

Accounting for Governmental and NonProfit Entities, 16e Reck 9780078110931 54

Financial Accounting, 7e Spiceland 9780078025327 31

Financial Accounting: Making the Connection Spiceland 9780077862268 11

McGraw-Hill’s Taxation of Individuals: 2013 Edition, 4e Spilker 9780077434113 49

McGraw-Hill’s Taxation of Individuals and Business Entites: 2013 Edition, 4e Spilker 9780078025464 50

Taxation of Business Entities: 2013 Edition, 4e Spilker 9780077434045 49

Financial Accounting: Information for Decisions, 6e Wild 9780078025389 12

Computer Accounting Essentials using Quickbooks Pro 2012, 6e Yacht 9780078025570 29

Computer Accounting with Peachtree Complete 2012: Release 19.0, 16e Yacht 9780078025358 29

ACCOUNTING
2012 Author ISBN Page
Essentials of Advanced Financial Accounting Baker 9780078025648 39

Fundamentals of Taxation: 2012 Edition, 5e Cruz 9780078025471 50

International Accounting, 3e Doupnik 9780078110955 55

Survey of Accounting, 3e Edmonds 9780078110856 58

Managerial Accounting, 14e Garrison 9780078111006 23

College Accounting: A Contemporary Approach, 2e Haddock 9780073396958 35

Forensic Accounting and Fraud Examination, 2e Hopwood 9780078136665 61

Auditing & Assurance Services, 8e Messier 9780077520151 43

College Accounting, Chapters 1-30, 13e Price 9780078025273 36

Financial Reporting and Analysis, 5e Revsine 9780078110863 56, 60

Auditing and Assurance Services: An Applied Approach Stuart 9780073404004 44

An Introduction to Financial Accounting, 7e [UK] Thomas 9780077132682 13

Principles of Auditing and Other Assurance Services, 18e Whittington 9780077486273 44

iii
New Titles

ACCOUNTING
2012 Author ISBN Page
Fundamental Accounting Principles: Including International Financial Reporting Wild 9780071325509 5

Standards (IFRS) [Asian]

Financial Accounting, 15e Williams 9780077328702 14

Financial & Managerial Accounting, 16e Williams 9780078111044 5

Computer Accounting with Peachtree By Sage Complete Accounting 2011, Release Yacht 9780077505035 30

19.0, 15e

ACCOUNTING
2011 Author ISBN Page
Financial Accounting Theory, 2e [UK] Deegan 9780077126735 54

Managerial Accounting: An Asian Perspective [Asian] Garrison 9780071088015 24

Accounting: A Framework for Decision Making, 3e [Aust] Jackling 9780071016780 6

Management Accounting & Connect Plus, 6e [Aust] Langfield-Smith 9780071016650 25

Consolidated Financial Statements, 2e [Asian] Ng 9780071312912 41

Taxation in Singapore [Asian] Poh 9780071078764 52

Management Accounting, 4e [UK Adaptation] Seal 9780077129897 26

Management Accounting for Business Decisions [UK] Seal 9780077126728 27

iv
New Titles

FINANCE, INSURANCE & REAL ESTATE


2013 Author ISBN Page
Bank Management & Financial Services, 9e Rose 9780078034671 95

Fundamentals of Corporate Finance: Alternate Edition, 10e Ross 9780077479459 65

Fundamentals of Corporate Finance: Standard Edition, 10e Ross 9780078034633 66

Personal Finance Walker 9780073530659 98

FINANCE, INSURANCE & REAL ESTATE


2012 Author ISBN Page
Fundamentals of Corporate Finance, 7e Brealey 9780078034640 67

Finance: Applications and Theory, 2e Cornett 9780073530673 68

M: Finance Cornett 9780073382241 69

International Financial Management, 6e Eun 9780078034657 96

Fundamentals of Cororate Finance, 5e [UK Adaptation] Firer 9780077134525 71

Analysis for Financial Management, 10e Higgins 9780078034688 71, 101

Fundamentals of Investment Management, 10e Hirt 9780078034626 83

Fundamentals of Investments, 6e Jordan 9780073530710 83

Personal Finance, 10e Kapoor 9780073530697 99

Financial Markets & Institutions, 5e Saunders 9780078034664 93

FINANCE, INSURANCE & REAL ESTATE


2011 Author ISBN Page
Financial Mathematics for Actuaries [Asian Pub] Chan 9780071288934 102

Managing Your Personal Finance [Asian Pub] Chan 9780071078863 100

Financial Markets and Corporate Strategy, 2e [UK Adaptation] Hillier 9780077129422 72

Fundamentals of Corporate Finance [UK] Hillier 9780077125257 73

Financial Management: Text, Problems and Cases, 6e [India] Khan 9780071067850 73, 80

Futures and Options [Asian Pub] Parameswaran 9780071313643 91

Fundamentals of Corporate Finance: An Asian Perspective [Asian Pub] Ross 9780071088022 74

Security Analysis and Portfolio Management [India] Sasidharan 9780071078016 90

Understanding Mutual Funds [India] Shashikant 9780071333481 85

v
New Titles

vi
Accounting for Non-Accounting Managers..........................................................10
Accounting Information Systems.........................................................................37
Accounting Principles............................................................................................5

Accounting
Accounting Principles Supplements......................................................................9
Accounting Theory...............................................................................................54
Advanced Accounting..........................................................................................38
Advanced Managerial Accounting.......................................................................49
Auditing...............................................................................................................43
Auditing Practice Cases......................................................................................48
Computerized Accounting...................................................................................29
Corporate Financial Reporting............................................................................60
Cost Accounting / Cost Management..................................................................33
Cost Accounting Supplements............................................................................35
College Accounting..............................................................................................35
Financial Accounting...........................................................................................11
Financial Accounting Supplements.....................................................................21
Financial Statement Analysis..............................................................................56
Governmental / Non Profit...................................................................................53
Intermediate Accounting......................................................................................31
Intermediate Accounting Supplements................................................................33
International Accounting......................................................................................55
Management Control...........................................................................................61
Managerial Accounting........................................................................................22
Managerial Accounting Supplements..................................................................28
MBA Managerial..................................................................................................59
MBA Principles....................................................................................................60
Other Accounting.................................................................................................61
Survey of Accounting...........................................................................................58
Undergraduate Taxation......................................................................................49

1
New Titles

ACCOUNTING
2013 Author ISBN Page
Introduction to Managerial Accounting, 6e Brewer 9780078025419 22

Essentials of Accounting for Governmental and Not-for-Profit Organizations, 11e Copley 9780078025457 53

Fundamental Financial Accounting Concepts, 8e Edmonds 9780078025365 11

Computer Accounting with Quickbooks Pro 2012, 14e Kay 9780078025341 29

Advanced Accounting, 11e Hoyle 9780078025402 38

Fundamentals of Advanced Accounting, 5e Hoyle 9780078025396 39

Accounting Information Systems, 3e Hurt 9780078025334 37

Principles of Taxation for Business and Investment Planning: 2013 Edition, 16e Jones 9780078025488 49

Auditing & Assurance Services, 5e Louwers 9780078025440 43

Financial Statement Analysis and Security Valuation, 5e Penman 9780078025310 56

Accounting for Governmental and NonProfit Entities, 16e Reck 9780078110931 54

Financial Accounting, 7e Spiceland 9780078025327 31

Financial Accounting: Making the Connection Spiceland 9780077862268 11

McGraw-Hill’s Taxation of Individuals: 2013 Edition, 4e Spilker 9780077434113 49

McGraw-Hill’s Taxation of Individuals and Business Entites: 2013 Edition, 4e Spilker 9780078025464 50

Taxation of Business Entities: 2013 Edition, 4e Spilker 9780077434045 49

Financial Accounting: Information for Decisions, 6e Wild 9780078025389 12

Computer Accounting Essentials using Quickbooks Pro 2012, 6e Yacht 9780078025570 29

Computer Accounting with Peachtree Complete 2012: Release 19.0, 16e Yacht 9780078025358 29

ACCOUNTING
2012 Author ISBN Page
Essentials of Advanced Financial Accounting Baker 9780078025648 39

Fundamentals of Taxation: 2012 Edition, 5e Cruz 9780078025471 50

International Accounting, 3e Doupnik 9780078110955 55

Survey of Accounting, 3e Edmonds 9780078110856 58

Managerial Accounting, 14e Garrison 9780078111006 23

College Accounting: A Contemporary Approach, 2e Haddock 9780073396958 35

Forensic Accounting and Fraud Examination, 2e Hopwood 9780078136665 61

Auditing & Assurance Services, 8e Messier 9780077520151 43

College Accounting, Chapters 1-30, 13e Price 9780078025273 36

Financial Reporting and Analysis, 5e Revsine 9780078110863 56, 60

Auditing and Assurance Services: An Applied Approach Stuart 9780073404004 44

An Introduction to Financial Accounting, 7e [UK] Thomas 9780077132682 13

Principles of Auditing and Other Assurance Services, 18e Whittington 9780077486273 44

2
New Titles

ACCOUNTING
2012 Author ISBN Page
Fundamental Accounting Principles: Including International Financial Reporting Wild 9780071325509 5

Standards (IFRS) [Asian]

Financial Accounting, 15e Williams 9780077328702 14

Financial & Managerial Accounting, 16e Williams 9780078111044 5

Computer Accounting with Peachtree By Sage Complete Accounting 2011, Release Yacht 9780077505035 30

19.0, 15e

ACCOUNTING
2011 Author ISBN Page
Financial Accounting Theory, 2e [UK] Deegan 9780077126735 54

Managerial Accounting: An Asian Perspective [Asian] Garrison 9780071088015 24

Accounting: A Framework for Decision Making, 3e [Aust] Jackling 9780071016780 6

Management Accounting & Connect Plus, 6e [Aust] Langfield-Smith 9780071016650 25

Consolidated Financial Statements, 2e [Asian] Ng 9780071312912 41

Taxation in Singapore [Asian] Poh 9780071078764 52

Management Accounting, 4e [UK Adaptation] Seal 9780077129897 26

Management Accounting for Business Decisions [UK] Seal 9780077126728 27

3
Accounting

4
Accounting

Accounting Principles ing concepts. In this revision, the authors have added to and refined
the coverage of International Financial Reporting Standards (IFRS),
particularly in Chapter 15 (“Global Business and Accounting”). Hall-
marks of the text—including the solid Accounting Cycle Presentation,
relevant pedagogy, and high quality, end-of-chapter material—have
been updated throughout the book.

NEW *9780071325509* NEW TO THIS EDITION


™™ New coverage of IFRS discusses how important topics in ac-
FUNDAMENTAL ACCOUNTING PRINCIPLES counting such as LIFO, statement of cash flows, and fixed assets
Including International Financial Reporting might be impacted by the adoption of IFRS.
Standards (IFRS) ™™ NEW! McGraw-Hill’s Connect uses end-of-chapter material
By John J Wild, University of Wisconsin Madison, Ken Shaw, University pulled directly from the textbook to create static and algorithmic ques-
of Missouri-Columbia, Barbara Chiappetta and Winston Kwok tions that can be used for homework and practice tests.
2012 (January 2012) / 1200 pages
ISBN: 9780071325509 ™™ Motivation
An Asian Publication CONTENTS
Fundamental Accounting Principles provides students every advan- Chapter 1: Accounting: Information for Decision Making
tage as they strive to understand the key concepts of accounting and Chapter 2: Basic Financial Statements
their role in business. Covering both Financial Accounting and Mana-
Chapter 3: The Accounting Cycle: Capturing Economic Events
gerial Accounting, it helps students to develop good decision-making
habits as they prepare, analyze and apply accounting information. It Chapter 4: The Accounting Cycle: Accruals and Deferrals
also includes the current financial reports of Nestlé, Adidas, and Puma Chapter 5: The Accounting Cycle: Reporting Financial Results
to further reinforce the real-world relevance of accounting concepts. Comprehensive Problem 1: Susquehanna Equipment Rentals
Chapter 6: Merchandising Activities
Features Chapter 7: Financial Assets
Chapter 8: Inventories and the Cost of Goods Sold
™™ A unique pedagogical framework that provides insight into Comprehensive Problem 2: Guitar Universe, Inc.
every aspect of business decision making supported by accounting Chapter 9: Plant and Intangible Assets
information Chapter 10: Liabilities
™™ The CAP (Conceptual/Analytical/Procedural) Model that clearly Chapter 11: Stockholders’ Equity: Paid-in Capital
identifies learning objectives, textual materials, assignments and test Comprehensive Problem 3: McMinn Retail, Inc.
items so that instructors can easily customize their courses Chapter 12: Income and Changes in Retained Earnings
Chapter 13: Statement of Cash Flows
™™ Decision Insight opening vignettes featuring successful Asian Chapter 14: Financial Statement Analysis
entrepreneurs Comprehensive Problem 4: Home Depot, Inc.
Chapter 15: Global Business and Accounting
™™ A focus on International Financial Reporting Standards (IFRS)
Chapter 16: Management Accounting: A Business Partner
and IFRS-reporting companies
Chapter 17: Job Order Cost Systems and Overhead Allocations
™™ Additional points and examples placed strategically in side Chapter 18: Process Costing
margins Chapter 19: Costing and the Value Chain
Chapter 20: Cost-Volume-Profit Analysis
™™ Comprehensive end-of-chapter questions, exercises, and
Chapter 21: Incremental Analysis
problems
Comprehensive Problem 5: The Gilster Company
Chapter 22: Responsibility Accounting and Transfer Pricing
Chapter 23: Operational Budgeting
Chapter 24: Standard Cost Systems
Chapter 25: Rewarding Business Performance
International edition Comprehensive Problem 6: Utease Corporation
Chapter 26: Capital Budgeting

NEW
*9780078111044* Appendix A: 2009 Home Depot Financial Statements
Appendix B: The Time Value of Money: Future Amounts and Present
Values
FINANCIAL & MANAGERIAL Appendix C: Forms of Business Organization
ACCOUNTING
16th Edition

By Jan Williams, University of Tennessee-


Knoxville, Sue Haka, Michigan State Univer-
sity-East Lansing, Mark S Bettner, Bucknell
University and Joseph V Carcello, University of
Tennessee-Knoxville

2012 (January 2011) / 1264 pages


ISBN: 9780078111044
ISBN: 9780071316903 [IE]
www.mhhe.com/williams_basis16e
With the sixteenth edition of Financial and Managerial Accounting:
The Basis for Business Decisions, the Williams author team continues
to be a solid foundation for students who are learning basic account-

5
Accounting

International edition NEW *9780071016780*


Introduction to ACCOUNTING
An Integrated Approach, 6th Edition accounting: a
By Penne Ainsworth, University of Wyoming-Laramie and Dan Deines, framework for decision
Kansas State University
2011 (January 2010) / 672 pages
making
ISBN: 9780078136603 3rd Edition
ISBN: 9780071220583 [IE]
By Beverley Jackling, Victoria University of
www.mhhe.com/ainsworth6e Technology, Jean Raar, Swinburne University of
Technology, Graeme Wines and Tracey McDow-
This textbook integrates Financial and Managerial Accounting as all of Deakin University
opposed to keeping these areas separate, the approach followed by
most books and curriculums. By “integration”, we mean the authors
focus on the business process and examine the activities from both 2011 (March 2011)
an external, financial reporting perspective and an internal, manage- ISBN: 9780071016780
ment decision-making perspective. The text incorporates real world McGraw-Hill Australia Title
applications, including actual financial statements, to reinforce the
relevance of topics to real business situations and promote student www.mhhe.com/au/jackling3e
interest. The text also promotes active learning through Enhance Your Thoroughly updated and re-sequenced in response to market feed-
Understanding “probing” questions placed sporadically throughout back, Accounting: A Framework for Decision Making 3e is an ideal
many chapters, Of Interest boxes that provide additional information first year accounting principles text. Presented in a straightforward
relating to the chapter concepts, Fast Fact boxes that provide ad- style, the third edition focuses on key concepts and illustrates each
ditional information related to chapter concepts in a short, trivia-like concept with clear graphical or textual explanations and examples.
manner, and end-of-chapter group exercises. The latest AASB standards and accounting techniques underpin the
content throughout and new and revised questions have been added
NContents to the end of chapter material. With an accessible technical focus,
Part One Introduction: Business Operating Activities Accounting 3e has a clear and broad content structure that means
Chapter 1: Accounting and Business the book lends itself to both majors and non-majors courses.
Chapter 2: Business Processes and Accounting Information
Chapter 3: Operating Processes: Planning and Control Contents
Part Two Planning: Operating Activities Part 1 Background environment and principles
Chapter 4: Short-term Decision Making CHAPTER 1 The accounting environment
Chapter 5: Strategic Planning Regarding Operating Processes CHAPTER 2 Accounting reports: their nature and uses
Chapter 6: Planning, the Balanced Scorecard, and Budgeting CHAPTER 3 Classification and analysis of transactions
Part Three Recording and Evaluating: Operating Activities CHAPTER 4 The structure and content of financial statements
Chapter 7: Accounting Information Systems CHAPTER 5 Financial statement analysis
Chapter 8: Purchasing/Human Resources/Payment Process: Record- CHAPTER 6 Accounting and financial management
ing and Evaluating Expenditure Process Activities Part 2 Accounting for management decisions
Chapter 9: Recording and Evaluating Conversion Process Activities CHAPTER 7 Managerial decisionmaking and the accountant
Chapter 10: Marketing/Sales/Collection/Customer Support Process: CHAPTER 8 Cost concepts for management decisions
Recording and Evaluating Revenue Process Activities CHAPTER 9 Accounting for short-term management planning
Part Four Introduction: Capital Resource Process Activities Part 3 Conceptual frameworks for financial reporting
Chapter 11: Time Value of Money CHAPTER 10 Sources of authority and conceptual frameworks for
Part Five Planning: Capital Resource Process Activities accounting
Chapter 12: Planning Investments: Capital Budgeting CHAPTER 11 Assets and expense
Chapter 13: Planning Equity Financing CHAPTER 12 Income
Chapter 14: Planning Debt Financing CHAPTER 13 Liabilities
Part Six Recording and Evaluating Capital Resource Process CHAPTER 14 The recording focus
Activities CHAPTER 15 Inventory transactions
Chapter 15: Recording and Evaluating Capital Resource Process CHAPTER 16 End-of-period adjustments
Activities: Financing CHAPTER 17 Accounting information systems and internal control
Chapter 16: Recording and Evaluating Capital Resource Process CHAPTER 18 The principles applied: owner’s equity
Activities: Investing APPENDIX 1 Extracts from Santos Ltd Annual Report 2008
Part Seven Evaluating: Operating and Capital Resource Proc- APPENDIX 2 Interest tables
esses Glossary
Chapter 17: Company Performance: Profitability Index
Chapter 18: Company Performance: Owners’ Equity and Financial
Position
Chapter 19: Company Performance: Cash Flows
Chapter 20: Company Performance: Comprehensive Evaluation
Appendix: Apple’s 2008 Financial Statements and Accompanying
Notes
Index

6
Accounting

COLLEGE ACCOUNTING CHAPTER 1-29 FUNDAMENTAL ACCOUNTING PRINCIPLES


WITH ANNUAL REPORT 20th Edition
2nd Edition By John Wild, University of Wisconsin at Madison, Barbara Chiappetta,
By John J Wild, University of Wisconsin Madison, Vernon Richard- Nassau Community College and Ken Shaw, University of Missouri-
son, University of Arkansas-Fayetteville and Ken Shaw, University of Columbia
Missouri-Columbia 2011 (October 2010) / 1188 pages
2011 (January 2010) ISBN: 9780078110870
ISBN: 9780077346096 www.mhhe.com/wildFAP20e
www.mhhe.com/wildCA2e With 55 years of success in the principles of accounting market,
College Accounting by Wild, Richardson, and Shaw draws upon the Fundamental Accounting Principles, 20th edition by Wild, Shaw and
success of Wild’s Fundamental Accounting Principles text. Its inno- Chiappetta has endured and adapted to changes in accounting,
vation is reflected in its extensive use of small business examples, technology, and student learning styles. Its innovation is reflected in
the integration of new computerized learning tools, superior end-of- its extensive use of small business examples, the integration of new
chapter material, and a highly engaging, pedagogical design. Inclu- technology learning tools, superior end-of-chapter material, and a
sion of technology products such as Connect, Connect Plus, Excel highly engaging, pedagogical design. Inclusion of Connect, Connect
Templates, and QuickBooks Pro 2010 software provides students Plus and Carol Yacht’s General Ledger and Peachtree application
with every possible advantage as they strive to understand the key software provides students every advantage as they strive to un-
concepts of accounting and their role in business. derstand the key concepts of accounting and their role in business.

CONTENTS Contents
1 Introduction to Accounting 1. Accounting in Business
2 Accounting for Business Transactions 2. Analyzing and Recording Transactions
3 Applying Double-Entry Accounting 3. Adjusting Accounts and Preparing Financial Statements
4 Preparing the General Journal and General Ledger 4. Completing the Accounting Cycle
5 Adjusting Accounts and Preparing Financial Statements 5. Accounting for Merchandising Operations
6 Closing Process and Financial Statements 6. Inventories and Cost of Sales
7 Fraud, Ethics, and Controls 7. Accounting Information Systems
8 Cash and Controls 8. Cash and Internal Controls
9 Employee Earnings, Deductions, and Payroll 9. Accounting for Receivables
10 Employer Payroll Tax Reporting 10. Plant Assets, Natural Resources, and Intangibles
11 Merchandise Sales and Accounts Receivable 11. Current Liabilities and Payroll Accounting
12 Merchandise Purchases and Accounts Payable 12. Accounting for Partnerships
13 Accrual Accounting Overview 13. Accounting for Corporations
14 Financial Statements and the Accounting Cycle 14. Long-Term Liabilities
15 Accounts Receivable and Uncollectibles 15. Investments and International Operations
16 Notes Receivable and Notes Payable 16. Reporting the Statement of Cash Flows
17 Inventories and Cost of Sales 17. Analysis of Financial Statements
18 Plant Assets, Natural Resources, and Intangibles 18. Managerial Accounting Concepts and Principles
19 Accounting for Partnerships 19. Job Order Cost Accounting
20 Corporate Formation and Stock Transactions 20. Process Cost Accounting
21 Corporate Earnings, Taxes, and Distributions 21. Cost Allocation and Performance Measurement
22 Long-Term Bonds 22. Cost-Volume-Profit Analysis
23 Cash Flow Reporting 23. Master Budgets and Planning
24 Financial Statement Analysis 24. Flexible Budgets and Standard Costs
25 Managerial Accounting Concepts and Principles 25. Capital Budgeting and Managerial Decisions
26 Departmental and Responsibility Accounting
27 Job Order Cost Accounting
28 Budgets and Standard Costing
29 Relevant Costing for Managerial Decisions
Appendix A: Financial Statement Information
Appendix B: Accounting Principles
Appendix C*: Capital Budgeting and Investment Decisions
Appendix D*: Time Value of Money
* Appendixes C and D are available on the book’s Website, mhhe.
com/wildCA, and as print copy from a McGraw-Hill representative

REVIEW COPY
(Available for course adoption only)
To request for a review copy,
ƒƒ contact your local McGraw-Hill
representatives or,
ƒƒ fax the Review Copy Request Form found
in this catalog or,
ƒƒ e-mail your request to
mghasia_sg@mcgraw-hill.com or,
ƒƒ submit online at www.mheducation.asia

7
Accounting

Asian Adaptation Chapter 6 Internal Control and Accounting for Cash


Chapter 7 Accounting for Receivables
PRINCIPLES OF ACCOUNTING Chapter 8 Accounting for Long-Term Operational Assets
Chapter 9 Accounting for Current Liabilities and Payroll
19th Edition Chapter 10 Accounting for Long-Term Notes Payable and Bond Li-
By John Wild, University of Wisconsin Madison, Ken Shaw, University of abilities
missouri-Columbia, Barbara Chiappetta, Nassau Community College and
Patrick Ng Chapter 11 Proprietorships, Partnerships, and Corporations
2009 (December 2008) / 1240 pages Chapter 12 Statement of Cash Flows
Chapter 13 Financial Statement Analysis
ISBN: 9780071282833
Chapter 14 Management Accounting: A Value-Added Approach
ISBN: 9780071269308 (Chapter 1-17)
Chapter 15 Cost Behavior, Operating Leverage, and Profitability
An Asian Adaptation Analysis
Principles of Accounting 19e combines leading-edge accounting con- Chapter 16 Cost Accumulation, Tracing, and Allocation
tent with state-of-the-art technology to provide accounting students Chapter 17 Product Costing in Service and Manufacturing Companies
every advantage as they strive to understand the key concepts of ac- Chapter 18 Job-Order, Process, and Hybrid Cost Systems
counting and their role in business. The book’s innovation is reflected Chapter 19 Analysis of Cost, Volume, and Pricing to Increase Profit-
in its extensive use of small business examples, the integration of ability
new computerized learning tools, superior end-of-chapter material, Chapter 20 Relevant Information for Special Decisions
and a highly engaging, pedagogical design.
Chapter 21 Planning for Profit and Cost Control
Chapter 22 Performance Evaluation
Contents
Chapter 23 Responsibility Accounting
Chapter 1 Accounting in Business Chapter 24 Planning for Capital Investment
Chapter 2 Analyzing and Recording Transactions Appendix A Accessing the EDGAR Database through the Internet
Chapter 3 Adjusting Accounts and Preparing Financial Statements Appendix B Topps Annual Report for 2003 / Index
Chapter 4 Completing the Accounting Cycle
Chapter 5 Accounting for Merchandising Operations
Chapter 6 Inventories and Cost of Sales
Chapter 7 Accounting Information Systems
Chapter 8 Cash and Internal Controls SCHAUM’S OUTLINE OF BOOKKEEPING
Chapter 9 Accounting for Receivables
AND ACCOUNTING
Chapter 10 Plant Assets, Natural Resources, and Intangibles
Chapter 11 Current Liabilities and Payroll Accounting 4th Edition
Chapter 12 Accounting for Partnerships By Joel J Lerner, Sulivan County Community College and Rajul Gokarn
Chapter 13 Accounting for Corporations 2010 (September 2009) / 480 pages
Chapter 14 Long-Term Liabilities ISBN: 9780071635363
Chapter 15 Investments and International Operations A Schaum Publication
Chapter 16 Reporting the Statement of Cash Flows
Schaum’s Outline of Bookkeeping and Accounting is the ideal review
Chapter 17 Analysis of Financial Statements and reference for your accounting class. Inside you’ll find explanations
Chapter 18 Managerial Accounting Concepts and Principles of the subject’s fundamentals and topics such as financial analysis,
Chapter 19 Job Order Cost Accounting preparing cash flow statements, and the distinction between account-
Chapter 20 Process Cost Accounting ing for perpetual and periodic inventory system. It also includes a
Chapter 21 Cost Allocation and Performance Measurement chapter on the most popular accounting software, which accounting
Chapter 22 Cost-Volume-Profit Analysis students are expected to master before they graduate.
Chapter 23 Master Budgets and Planning
Chapter 24 Flexible Budgets and Standard Costs Contents
Chapter 25 Capital Budgeting and Managerial Decisions 1. Assets, Liabilities, and Capital
Appendix A Financial Statement Information A-1 2. Debits and Credits: The Double-Entry System
Appendix B Time Value of Money 3. Journalizing and Posting Transactions
Appendix C Comparison between IFRSs and U.S. GAAP 4. Financial Statements
5. Adjusting and Closing Procedures
6. Computer Application: Peachtree Complete® Software Introduction
7. Repetitive Transaction: The Sales and the Purchases Journals
International edition 8. The Cash Journal
9. Summarizing and Reporting via the Worksheet
FUNDAMENTAL FINANCIAL AND 10. The Merchandising Company
MANAGERIAL ACCOUNTING CONCEPTS 11. Costing Merchandise Inventory
WITH H-D ANNUAL REPORT 12. Pricing Merchandise
13. Negotiable Instruments
By Thomas P. Edmonds, Cindy Edmonds and Bor-Yi Tsay of University
of Alabama-Birmingham and Philip R. Olds, Virginia Commonwealth 14. Controlling Cash
University and Frances M McNair, Mississippi State University 15. Payroll
2007 (December 2005) 16. Property, Plant, and Equipment: Depreciation
ISBN: 9780073222936 17. The Partnership
ISBN: 9780071107693 [IE] 18. The Corporation

www.mhhe.com/edmonds/concepts
Contents
Chapter 1 Elements of Financial Statements
Chapter 2 Understanding the Accounting Cycle
Chapter 3 The Double-Entry Accounting System
Chapter 4 The Double-Entry Accounting System
Chapter 5 Accounting for Inventories

8
Accounting

SCHAUM’S OUTLINE OF FINANCIAL SCHAUM’S OUTLINE OF PRINCIPLES OF


MANAGEMENT ACCOUNTING I
3rd Edition 5th Edition
By Jae K Shim, California State University Long Beach and Joel G Siegel By Joel Lerner, Sullivan County Community College and James Cashin
2010 (September 2009) / 504 pages 2010 (September 2009) / 408 pages
ISBN: 9780071635318 ISBN: 9780071635387
A Schaum Publication A Schaum Publication
Schaum’s Outline of Financial Management provides a succinct review Schaum’s Outline of Principles of Accounting I helps you understand
of all financial management concepts in topics such as financial fore- basic accounting concepts and offer extra practice on topics such as
casting, planning and budgeting, the management of working capital, debits, credits, the chart of accounts, the ledger, inventory measure-
short-term financing, time value of money, risk, return, and valuation, ment, net realizable value, recovery of bad debts, and methods for
capital budgeting, and more. computing interest. Coverage also includes fixed assets, depreciation
and scrap value, methods of depreciation, payroll, and payroll taxes.
Contents
1. Introduction CONTENTS
2. Analysis of Financial Statements and Cash Flow 1. Accounting Concepts
3. Financial Forecasting, Planning, and Budgeting 2. Financial Statements
4. The Management of Working Capital 3. Analyzing and Classifying Transactions, Examination I
5. Short-Term Financing 4. Recording Transactions
6. Time Value of Money 5. Repetitive Transactions
7. Risk, Return, and Valuation 6. Adjusting and Closing Procedures, Examination II
8. Capital Budgeting (Including Leasing) 7. Summarizing and Reporting Via the Service Business Work Sheet
9. Capital Budgeting Under Risk 8. Summarizing and Reporting Via the Merchandising
10. Cost of Capital 9. Business Work Sheet
11. Leverage and Capital Structure 10. Costing Merchandise Inventory
12. Dividend Policy 11. Alternative Inventory Valuation Methods
13. Term Loans and Leasing 12. Repetitive Transactions 13. Capital and Equity, Examination III
14. Long-Term Debt 14. Receivables and Payables
15. Preferred and Common Stock 15. Cash and Its Control
16. Payroll
17. Property, Plant, and Equipment: Depreciation
18. Property, Plant, and Equipment: Disposal and Taxation
19. Examination IV
20. Final Examination.
Accounting Principles
Supplements
SCHAUM’S EASY OUTLINE OF PRINCIPLES
OF ACCOUNTING
By Joel J. Lerner, Sullivan County Community College
2001 / 153 pages
SCHAUM’S EASY OUTLINE OF ISBN: 9780071369725
ACCOUNTING A Schaum Publication
Revised Edition CONTENTS
By Joel Lerner, Sullivan County Community College and James Cashin Chapter 1: Accounting Concepts: The Accounting Equation and
2012 (December 2011) / 160 pages Financial Statements.
ISBN: 9780071777520 Chapter 2: Analyzing and Recording Transactions.
A Schaum Publication Chapter 3: Adjusting and Closing Procedures.
Chapter 4: Summarizing and Reporting Via the Work Sheet.
Schaum’s Easy Outline of Principles of Accounting I mirrors the
Chapter 5: Inventory Valuation Methods.
courses in scope and sequence to help enrolled students understand
basic concepts and offer extra practice on topics such as debits, Chapter 6: Alternative Valuation Methods.
credits, the chart of accounts, the ledger, inventory measurement, net Chapter 7: Cash and Its Control.
realizable value, recovery of bad debts, and methods for computing Chapter 8: Receivables and Payables.
interest. Coverage also includes fixed assets, depreciation and scrap Chapter 9: Property, Plant, and Equipment: Depreciation.
value, methods of depreciation, payroll, and payroll taxes. Chapter 10: Property, Plant, and Equipment: Disposal and Taxation.
Chapter 11: Capital and Equity.
Chapter 12: Repetitive Transactions and Payroll.

9
Accounting

SCHAUM’S OUTLINE OF PRINCIPLES OF


ACCOUNTING II
Accounting For
4th Edition Non-Accounting Managers
By Joel J. Lerner, Sullivan County Community College and James A.
Cashin, Hofstra University
1994 / 306 pages
ISBN: 9780070375895
A Schaum Publication
(International Edition is not for sale in Japan)
ACCOUNTING
Understanding and Practice, 3rd Edition
CONTENTS By Robert Perks and Danny Leiwy
Partnerships: Formation. 2010 (March 2010) / 584 pages
Partnerships: Admission and Dissolution. ISBN: 9780077124786
The Corporation: Organization. McGraw-Hill UK Title
The Corporation: Stock Issue and Book Value.
www.mcgraw-hill.co.uk/textbooks/perks
The Corporation: Subscriptions and Treasury Stock.
The Corporation: Retained Earnings. Accounting: Understanding and Practice by Robert Perks and Danny
The Corporation: Issuing Bonds. Leiwy provides a gentle introduction to the complexities of account-
The Corporation: Redemption of Bonds. Examination I. ing. An evolution of the successful textbook Financial Accounting:
Understanding and Practice, this new edition has been enhanced
Manufacturing Accounting: Accounts and Statements.
to provide more emphasis on Management Accounting topics, with
Manufacturing Accounting: Worksheets and Joint and By-Products. new material that has been structured in line with current teaching in
Cost Systems: Job Order. introductory accounting modules. Fully revised throughout, the whole
Cost Systems: Process. text has been thoroughly updated in accordance with the International
Budgets: Income Statement. Financial Reporting Standards. Ample practice illustrations and exam-
Budgets: Balance Sheet and Standard Costs. Examination II. ples help present the subject in relation to a business world to which
Financial Statement Analysis: Horizontal and Vertical. readers can easily relate.
Financial Statement Analysis: Ratios. Examination III.
Appendix: Statement of Cash Flows. CONTENTS
1- The Balance Sheet and What It tells us
2- The Income Statement
3- The Development of Financial Reporting
4- Ratios and Interpretations: A Straightforward Introduction
5- How the Stock Market Assesses Company Performance
6- Cash Flow Statements: understanding and preparation
7- Advanced Interpretation of Company and Group Accounts
8- Current Issues in Financial Reporting
9- Financing a Business
10- Management of Working Capital
11- Introduction to Management Accounting
12- Investment Appraisal
13- Budgetary Planning and Control
14- Absorption Costing
15- Marginal Costing and Decision Making
16- Standard Costing and Variance Analysis
17- Book-keeping to Trial Balance
18- Trial Balance to Final Accounts
19- Incomplete Records
Appendix 1: Developments in Management Accounting
Answers to Self Test Questions
Answers to Activities

Invitation to Publish
McGraw-Hill is interested to review your
textbook proposals for publication.
Please contact your local McGraw-Hill office or
email to asiapub@mcgraw-hill.com.

Visit McGraw-Hill Education (Asia)


Website: http://www.mheducation.asia/publish/

10
Accounting

Financial Accounting textbook. Credit card revenues (interest income) are moved to the
nonoperating section, enabling the project solution for gross margin
percentages to agree to those identified in the Management Discus-
sion & Analysis section of the annual report. A multiple choice project
quiz is available in Connect.

International edition Contents


Chapter 1 An Introduction to Accounting
NEW *9780078025365*
Section 1: Collecting and Organizing Information
Section 2: Reporting Information
Chapter 2 Accounting for Accruals and Deferrals
Section 1: Accounting for Accruals
FUNDAMENTAL FINANCIAL Section 2: Accounting for Deferrals
ACCOUNTING CONCEPTS Chapter 3 The Double-Entry System
8th Edition Chapter 4 Accounting for Merchandising Businesses
Chapter 5 Accounting for Inventories
Chapter 6 Internal Control and Accounting for Cash
Thomas P Edmonds, University of Alabama at
Birmington, Frances M McNair, Mississippi Chapter 7 Accounting for Receivables
State University and Philip R Olds, Virginia Chapter 8 Accounting for Long-Term Operational Assets
Commonwealth University Chapter 9 Accounting for Current Liabilities and Payroll
Chapter 10 Accounting for Long-Term Debt
2013 (January 2012) / 808 pages Chapter 11 Proprietorships, Partnerships, and Corporations
ISBN: 9780078025365 Chapter 12 Statement of Cash Flows
ISBN: 9780071317856 [IE] Chapter 13 Financial Statement Analysis 13-0 (ONLINE ONLY)
Appendix A Accessing the EDGAR Database through the Internet
www.mhhe.com/edmonds8e Appendix B Portion of the Form 10-K for Target Corporation
Fundamental Financial Accounting Concepts 8th Edition by Edmonds/ Appendix C Summary of Financial Radios
McNair/Olds is ideal for the undergraduate introductory financial Appendix D Annual Report and Financial Statement Analysis Projects
accounting course, specifically for those wanting to focus on the Appendix E Accounting for Investment Securities
relationships between business events and financial statements. This Appendix F Time Value of Money
text is also appealing to those instructors looking for a shorter text Glossary
that focuses more on “key” financial accounting concepts rather than
rather than procedural details, and to those desiring a stronger user
orientation in their course. Overview: Students are often overwhelmed
by the amount of information presented in the introductory financial
accounting course. By focusing on fundamental concepts in a logical
sequence, students are able to fully comprehend the material rather
than memorize seemingly unrelated terms and topics. The goal of
Fundamental Financial Accounting Concepts is to enable students to NEW *9780077862268*
understand how any given business event affects the financial state-
ments. The “financial statements model” is a highly praised feature FINANCIAL ACCOUNTING
because it allows students to visualize the simultaneous impact of Making the Connection
business events on all of the key financial statements (the income
By David Spiceland, University of Memphis, Wayne Thomas, University of
statement, the balance sheet, and the statement of cash flows). Oklahoma and Don Hermann, Oklahoma State University
2013 (January 2012) / 672 pages
NEW TO THIS EDITION
ISBN: 9780077862268
™™ Chapters 1 and 2 have been broken into 2 parts that allow
www.mhhe.com/spicelandMTC1e
instructors to cover the pace of coverage. Chapter 1, Section 1
covers basic terminology, introduces the accounting equation, and Financial Accounting: Making the Connection 1e, has been developed
demonstrates how business events are recorded under the equation; based on the great success of Financial Accounting 2e, Spiceland,
Section 2 introduces students to financial statement. Chapter 2, Sec- Thomas, Herrmann. 2e was developed with feedback from over 330
reviewers and focus group participants from across the country. With
tion 1 covers accruals, while Section 2 covers deferrals. Breaking the
the usage of digital resources growing exponentially, and high Connect
chapters into sections offers an added benefit of promoting a stepwise usage rates among instructors and students using Financial Account-
learning environment. ing, 2e, Financial Accounting: Making the Connection 1e, removes all
™™ Enhanced coverage of financial statement analysis. end of chapter content from the 2e print text, and houses it exclusively
in Connect. The result is the same highly successful content contained
™™ Created an appendix for Chapter 2 that covers depreciation in 2e, without the added page length of end of chapter problems and
and the computation of interest with EOC material added covering exercises. Financial Accounting: Making the Connection, 1e also
these topics provides additional study materials and explanations through short
tutorial videos and practice activities that can be accessed via Smart-
™™ Added an appendix and related end-of-chapter materials to Phone by scanning the Quick Response codes in the margin. Just like
Chapter 3 that provide continuing coverage of depreciation and the with Financial Accounting 2e, the authors, David Spiceland, Wayne
computation of interest. Thomas and Don Herrmann, have developed a unique text based
on over 50 collective years of experience in the classroom. They’ve
™™ Added coverage of the framework for internal controls and en- brought together best practices like highlighting Common Mistakes,
terprise risk management developed by the Committee of Sponsoring offering frequent Let’s Review exercises, integrating the course with
Organizations of the Treadway Commission (COSO) to Chapter 6 a running Continuing Problem, demonstrating the relevance of the
course to non-majors with a Career Corner, and communicating it all
™™ The Target annual report in Appendix D has been redesigned: in a student-friendly Conversational Writing Style.
Target’s 2008, 2009, and 2010 financial statements have been
loaded into an Excel spreadsheet that is available on the OLC. The FEATURES
income statement shown in the spreadsheet has been revised to
™™ Conversational Writing Style The authors took special care to
better reflect the income statement format and wording used in the
write a textbook that fosters a friendly dialogue between the text and

11
Accounting

each individual student. The tone of the presentation is intentionally where reviewers noted that we needed mid-chapter exercises that
conversational – creating the impression of speaking with the student, provided a more comprehensive and meaningful review of key
as opposed to teaching to the student. chapter segments.
™™ Common Mistakes boxes highlight mistakes made by financial ™™ IFRS boxes appear in select chapters and marginal notes are
accounting students throughout each of the chapters. With greater in the IFRS appendix (E) highlighting differences between GAAP
awareness of the pitfalls the average student will find in their first ac- and IFRS.
counting class, students can avoid making the same mistakes and
™™ Marginal Accounting Equation Analyses clearly demonstrate
gain a deeper understanding of the chapter material.
the equality of the accounting equation, as well as the effects of the
™™ The Flip Side feature demonstrates how various transactions transactions on the stockholders’ equity accounts. Marginal Equation
are viewed by each participant. Including the “flip side” of a transac- Analyses appear where there is no existing mini-financial statement
tion - in context - enhances the student’s understanding of both the display.
initial and the related transaction. Selected homework in the end-of-
™™ Analysis Section comparing 2 well-known, publicly traded com-
chapter materials also includes the Flip Side transactions for students
panies, appears at the end of chapters 4-11. Chapter 12 provides a
to reinforce their understanding of this concept.
comprehensive financial analysis of UnderArmour and Nike.
™™ Continuing Problem The story of Great Adventures progresses
™™ Earnings Management Cases are included in chapters 5-12.
from chapter to chapter, encompassing the accounting issues of each
new chapter as the story unfolds. This progressive problem allows CONTENTS
students to see how each chapter’s topics can be integrated into the
operations of a single company. 1. Accounting Information and Decision Making
2. The Accounting Information System
™™ Decision Maker’s Perspective Each chapter includes one or 3. The Financial Reporting Process
more distinctive Decision Maker’s Perspective sections, which offer 4. Cash and Internal Controls
insights into how the information discussed in the chapters affects 5. Receivables and Sales
decisions made by investors, creditors, managers, and others. Each 6. Inventory and Cost of Goods Sold
chapter also contains Decision Points highlighting specific decisions 7. Long-Term Assets
in the chapter that can be made using financial accounting informa- 8. Current Liabilities
tion. This feature competes directly with Kimmel’s Decision Toolkit. 9. Long-Term Liabilities
10. Stockholders’ Equity
™™ Real World Focus Students learn best when they see how
11. Statement of Cash Flows
concepts are applied in the real world. For that reason, real-world
12. Financial Statement Analysis
examples from companies, such as Dell and Apple, are used ex-
Appendix A – Annual Report of American Eagle
tensively and routinely to enhance the presentation. The real-world
Appendix B – Annual Report of The Buckle
focus adds realism to discussions and serves as the foundation for
Appendix C – Time Value of Money
exercises, problems, and cases.
Appendix D – Investments
™™ Strong Supplements Package The authors write all of the major Appendix E – International Financial Reporting Standards
supplements for Financial Accounting, including the Testbank, Solu- Appendix F— Additional Perspective cases and activities
tions Manual, and Instructor’s Manual. With iPod material, narrated
PowerPoints, online quizzing, Working Papers, Excel templates and
QuickBooks templates integrated into the end-of-chapter material,
Spiceland’s Financial Accounting provides the cutting-edge technol-
ogy demanded by today’s accounting instructors and students.
™™ Unique End-of-Chapter Cases The Additional Perspectives sec- NEW *9780078025389*
tion of each chapter offers the most distinctive variety of case material
available in financial accounting textbooks. Cases and activities are
designed to allow students to apply the knowledge and skills they’ve FINANCIAL ACCOUNTING
learned in provocative, real or realistic situations. Each chapter offers
Information for Decisions,
an engaging mix of activities and opportunities to perform real-world
financial accounting analysis. 6th Edition
™™ The Inventory (6) chapter has been edited to correspond with By John Wild, University of Wisconsin at
reviewer comments. The authors heavily revised Part B, “Recording Madison
Inventory Transactions,” to focus only on the perpetual system. (In
the body of the chapter, entries for periodic no longer appear side-
by-side with those for perpetual.) They also added a new Appendix
A, “Recording Inventory Transactions Using a Periodic System.” In
2013 (January 2012) / 744 pages
the new appendix, journal entries for periodic and perpetual appear
ISBN: 9780078025389
side-by-side, as they did in the body of the chapter in 1e.
www.mhhe.com/wildFA6e
™™ The same content development editor (Ann Torbert, director
of development) who edited Kimmel’s Financial Accounting worked Contents
closely with the authors on every chapter of 2e. Ann worked with the Chapter 1: Introducing Accounting in Business
authors on every line, every illustration and every problem to ensure Chapter 2: Analyzing and Recording Transactions
we have market-leading material in every chapter. Chapter 3: Adjusting Accounts and Preparing Financial Statements
™™ Concise Chart of Accounts appears in Ch. 2 and a full Chart of Chapter 4: Reporting and Analyzing Merchandising Operations
Accounts has been added to the inside back cover. Account titles Chapter 5: Reporting and Analyzing Inventories
used in text and EOC have been revised to be consistent with Chart Chapter 6: Reporting and Analyzing Cash and Internal Controls
of Accounts as well. Chapter 7: Reporting and Analyzing Receivables
Chapter 8: Reporting and Analyzing Long-Term Assets
™™ Let’s Review exercises take the place of Stop and Go and Quick Chapter 9: Reporting and Analyzing Current Liabilities
Quiz features. These were changed in response to review feedback, Chapter 10: Reporting and Analyzing Long-Term Liabilities

12
Accounting

Chapter 11: Reporting and Analyzing Equity Contents


Chapter 12: Reporting and Analyzing Cash Flows Part 1: The Framework of Accounting
Chapter 13: Analyzing and Interpreting Financial Statements 1. Entities and financial reporting statements
Appendix A: Financial Statements Information 2. International accounting: institutional framework and standards
Appendix B: Applying Present and Future Values 3. The history and purpose of the conceptual framework
Appendix C: Investments and International Operations 4. The nature and objectives of financial accounting (corporate social
Appendix D: Reporting and Analyzing Partnerships (online only www. responsibility and accountability)
mhhe.com/wildfa6e) 5. Accounting principles, concepts and policies
Appendix E: Reporting and Analyzing Special Journals (online only 6. The conceptual framework of accounting
www.mhhe.com/wildfa6e) 7. Auditing, corporate governance and ethics
Part 2: Double-entry bookkeeping (recording transactions and
the books of account)
8. The accounting equation and its components
9. Basic documentation and books of account
10. Double entry and the general ledger
NEW *9780077132682* 11. The balancing of accounts and the trial balance
12. Day books and the journal
13. The cash book
14. The petty cash book
AN INTRODUCTION TO Part 3: Preparing final financial statements for sole traders
FINANCIAL ACCOUNTING 15. The final financial statements of sole traders (introductory)
7th Edition 16. Depreciation and non-current assets
17. Bad debts and provisions for bad debts
By Andrew Thomas, University of Birmingham 18. Accruals and prepayments
and Ann Mary Ward 19. The preparation of final financial statements from the trial bal-
ance (advanced)
Part 4: Internal control and check
2012 (January 2012) / 872 pages 20. The bank reconciliation statement
21. Control accounts
ISBN: 9780077132682
22. Errors and suspense accounts
McGraw-Hill UK Title 23. Single entry and incomplete records
www.mcgraw-hill.co.uk/textbooks/thomas Part 5: Preparing final financial statements for manufacturing
entities
The new seventh edition of Introduction to Financial Accounting by
24. Inventory valuation
Andrew Thomas and Anne Marie Ward has been fully revised and
updated to reflect the very latest developments in this dynamic field 25. Financial statements for manufacturing entities
and offers contemporary and comprehensive coverage of Financial Part 6: Clubs
Accounting today. 26. The final financial statements of clubs
Part 7: Partnerships
New to this edition 27. The final financial statements of partnerships
28. Changes in partnerships
™™ Fully revised and updated to include the latest developments in 29. Partnership dissolution and conversion to a limited company
both the International Part 8: Companies
™™ Accounting Standards (IAS) and International Financial Report- 30. The nature of limited companies and their capital
ing Standards (IFRS). 31. The final financial statements of limited companies
32. Statement of cash flows
™™ Part One has been revised to feature a new chapter to greater 33. The appraisal of company financial statements using ratio analysis
reflect the history and purpose
™™ of the accounting framework.
™™ Increased coverage of Corporate Social Responsibility (CSR)
and new coverage of Environmental
™™ Accounting has been included to reflect the growing importance
of these issues in financial accounting today.
™™ Over 50 brand new real world examples from companies such
as Tesco, Ryanair, BP, Nortel and
™™ Marks & Spencer’s help illustrate accounting concepts and bring
the subject to life.
™™ Plentiful worked examples and assessment material give stu-
dents the opportunity to practise key REVIEW COPY
™™ concepts and techniques. Review questions are highlighted by (Available for course adoption only)
level of difficulty to offer progressive To request for a review copy,
ƒƒ contact your local McGraw-Hill
™™ learning and some solutions can be found at the end of the book. representatives or,
™™ Excellent supplements package – packed with a wealth of ad- ƒƒ fax the Review Copy Request Form found
in this catalog or,
ditional online material for instructors
ƒƒ e-mail your request to
™™ and students as well as additional assessment platforms and mghasia_sg@mcgraw-hill.com or,
practise resources to aid learning. ƒƒ submit online at www.mheducation.asia

13
Accounting

NEW *9780077328702* International edition


FUNDAMENTAL FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING CONCEPTS
15th Edition 7th Edition
Thomas P Edmonds, University of Alabama at Birmington, Frances M
McNair, Mississippi State University and Philip R Olds, Virginia Com-
By Jan Williams, University of Tennessee- monwealth University
Knoxville, Sue Haka, Michigan State Univer-
sity-East Lansing, Mark S Bettner, Bucknell 2011 (January 2010) / 800 pages
University and Joseph V Carcello, University of ISBN: 9780073527123
Tennessee-Knoxville
ISBN: 9780071220712 [IE]
www.mhhe.com/edmonds7e
2012 (January 2011) / 800 pages Students are often overwhelmed by the amount of information pre-
ISBN: 9780077328702 sented in the introductory financial accounting course. By focusing
on fundamental concepts in a logical sequence, students are able
www.mhhe.com/williamsfinancial15e to fully comprehend the material rather than memorize seemingly
While many texts characterize themselves as having either a “user” unrelated terms and topics. The goal of Fundamental Financial Ac-
approach or a “preparer” approach, Williams’ Financial Accounting counting Concepts is to enable students to understand how any given
is written for faculty who want to strike a balance between these ap- business event affects the financial statements. The “financial state-
proaches. Business majors will find relevance in the “Ethics, Fraud ments model” is a highly praised feature because it allows students
& Corporate Governance,” “Your Turn” and “Case in Point” boxes to visualize the simultaneous impact of business events on all of the
throughout the chapters while accounting majors will receive a firm key financial statements (the income statement, the balance sheet,
grounding in accounting basics that will prepare them for their inter- and the statement of cash flows).
mediate course.
Contents
New to this edition Chapter 1: An Introduction to Accounting
Chapter 2: Understanding the Accounting Cycle
™™ New International Financial Reporting Standards (IFRS) cover-
Chapter 3: The Double-Entry Accounting System
age throughout the book introduces students to the concept in relation
Chapter 4: Accounting for Merchandising Businesses
to important topics in accounting such as LIFO, statement of cash
Chapter 5: Accounting for Inventories
flows, and fixed assets
Chapter 6: Internal Control and Accounting for Cash
™™ NEW! McGraw-Hill’s Connect uses end-of-chapter material Chapter 7: Accounting for Receivables
pulled directly from the textbook to create static and algorithmic ques- Chapter 8: Accounting for Long-Term Operational Assets
tions that can be used for homework and practice tests. Chapter 9: Accounting for Current Liabilities and Payroll
Chapter 10: Accounting for Long-Term Debt
Contents Chapter 11: Proprietorships, Partnerships, and Corporations
Chapter 1: Accounting: Information for Decision Making Chapter 12: Statement of Cash Flow
Chapter 2: Basic Financial Statements Chapter 13: (Online) Financial Statement Analysis
Chapter 3: The Accounting Cycle: Capturing Economic Events Appendix A: Accessing the EDGAR Database through the Internet
Chapter 4: The Accounting Cycle: Accruals and Deferrals Appendix B: Portion of the Form 10-K for Target Corporation
Chapter 5: The Accounting Cycle: Reporting Financial Results Appendix C: Summary of Financial Ratios
Comprehensive Problem 1: Susquehanna Equipment Rentals Appendix D: Annual Report and Financial Statement Analysis Project
Chapter 6: Merchandising Activities Appendix E: Accounting for Investment Securities
Chapter 7: Financial Assets Appendix F: Time Value of Money
Chapter 8: Inventories and the Cost of Goods Sold
Comprehensive Problem 2: Guitar Universe, Inc.
Chapter 9: Plant and Intangible Assets
Chapter 10: Liabilities
Chapter 11: Stockholders’ Equity: Paid-in Capital
Comprehensive Problem 3: McMinn Retail, Inc.
Chapter 12: Income and Changes in Retained Earnings
Chapter 13: Statement of Cash Flows
Chapter 14: Financial Statement Analysis
Comprehensive Problem 4: Home Depot, Inc.
Chapter 15: Global Business and Accounting
Appendix A: 2009 Home Depot Financial Statements
Appendix B: The Time Value of Money: Future Amounts and Present
Values
Invitation to Publish
McGraw-Hill is interested to review your
textbook proposals for publication.
Please contact your local McGraw-Hill office or
email to asiapub@mcgraw-hill.com.

Visit McGraw-Hill Education (Asia)


Website: http://www.mheducation.asia/publish/

14
Accounting

Global edition International edition


financial accounting FUNDAMENTALS OF FINANCIAL
7th Edition ACCOUNTING WITH ANNUAL REPORT
By Robert Libby, Cornell University-Ithaca, Patricia Libby, Ithaca Col- 3rd Edition
lege and Daniel G Short, Texas Christian University By Fred Phillips, University of Saskatchewan, Robert Libby, Cornell
2011 (September 2010) / 896 pages University and Patricia Libby, Ithaca College
ISBN: 9780078111020 2011 (January 2010)
ISBN: 9780071313940 [GE] ISBN: 9780077344931
ISBN: 9780071313780 [IE]
www.mhhe.com/libby7e
Libby/Libby/Short wrote this text based on their belief that the subject www.mhhe.com/phillips3e
of financial accounting is inherently interesting, but financial account- Fundamentals of Financial Accounting, presents an engaging, bal-
ing textbooks are often not. They believe most financial accounting anced, and appropriately paced analysis of the fundamentals of finan-
textbooks fail to demonstrate that accounting is an exciting field of cial accounting. Its conversational writing style makes it easy to read
study and one that is important to future careers in business. When and understand, while the selection of real focus companies reinforces
writing this text, they considered career relevance as their guide when the relevance of accounting by introducing students to accounting and
selecting material, and the need to engage the student as their guide business activities in the context of their favorite companies. Balance
to style, pedagogy, and design. Libby/Libby/Short is the only financial between preparer and user orientations is achieved throughout the
accounting text to successfully implement a real-world, single focus book, by studying both the accounting activities that take place inside
company approach in every chapter. Students and instructors have the company, as well as evaluating their impact on decisions, and
responded very favorably to the use of focus companies and the users outside the company. Topic coverage is paced appropriately
real-world financial statements. The companies chosen are engag- for students new to accounting, and is thoroughly reinforced every
ing and the decision-making focus shows the relevance of financial step of the way with an ample variety of innovative pedagogical tools.
accounting regardless of whether or not the student has chosen to Clearly understandable, relevant, and accessible, Fundamentals of
major in accounting. Financial Accounting is simply the most student-friendly financial book
on the market and provides the tools for students to grasp financial
Contents accounting from the ground up.
Chapter 1: Financial Statements and Business Decisions
Focus company: Maxidrive Corporation Contents
Chapter 2: Investing and Financing Decisions and the Balance Sheet Chapter 1: Business Decisions and Financial Accounting
Focus company: Papa John’s International Chapter 2: Reporting Investing and Financing Results on the Bal-
Chapter 3: Operating Decisions and the Income Statement ance Sheet
Focus company: Papa John’s International Chapter 3: Reporting Operating Results on the Income Statement
Chapter 4: Adjustments, Financial Statements, and the Quality of Chapter 4: Adjustments, Financial Statements, and Financial Results
Earnings Chapter 5: Financial Reporting and Analysis
Focus company: Papa John’s International Chapter 6: Internal Control and Financial Reporting for Cash and
Chapter 5: Communicating and Interpreting Accounting Information Merchandise Sales
Focus company: Callaway Golf Chapter 7: Reporting and Interpreting Inventories and Cost of Goods
Chapter 6: Reporting and Interpreting Sales Revenue, Receivables, Sold
and Cash Chapter 8: Reporting and Interpreting Receivables, Bad Debt Ex-
Focus company: Deckers Outdoor Corporation pense, and Interest Revenue
Chapter 7: Reporting and Interpreting Cost of Goods Sold and Chapter 9: Reporting and Interpreting Long-Lived Tangible and
Inventory Intangible Assets
Focus company: Harley-Davidson, Inc. Chapter 10: Reporting and Interpreting Liabilities
Chapter 8: Reporting and Interpreting Property, Plant, and Equipment; Chapter 11: Reporting and Interpreting Stockholders’ Equity
Natural Resources; and Intangibles Chapter 12: Reporting and Interpreting the Statement of Cash Flows
Focus company: Southwest Airlines Chapter 13: Measuring and Evaluating Financial Performance
Chapter 9: Reporting and Interpreting Liabilities Appendix A: Excerpts from the Fiscal 2008 Annual Report of The
Focus company: Starbucks Home Depot, Inc
Chapter 10: Reporting and Interpreting Bonds Appendix B: Excerpts from the Fiscal 2008 Annual Report of Lowe’s
Focus company: Burlington Northern Santa Fe Companies, Inc
Chapter 11: Reporting and Interpreting Owners’ Equity Appendix C: Present and Future Value Concepts
Focus company: Kroger Appendix D: Reporting and Interpreting Investments in Other Cor-
Chapter 12: Reporting and Interpreting Investments in Other Cor- porations
porations (at text website www.mhhe.com/phillips3e)
Focus company: The Washington Post Company
Chapter 13: Reporting and Interpreting Investments in Other Cor-
porations
Focus company: National Beverage Corp.
Chapter 14: Analyzing Financial Statements All Global Editions are
Focus company: Home Depot
adapted to better meet the
Appendix A: Present and Future Value Tables
needs of courses outside
Appendix B: American Eagle Outfitters Annual Report
Appendix C: Pacific Sunwear 2004 Annual Report the United States.
Appendix D: Industry Ratio Report Please contact your local
sales representative for
more details.

15
Accounting

Chapter 2 Analyzing and Recording Transactions


International edition Analyzing and Recording Process
Analyzing and Processing Transactions
FINANCIAL ACCOUNTING
Trial Balance
2nd Edition Decision Analysis—Debt Ratio
By J David Spiceland, University of Memphis, Wayne M Thomas, Chapter 3 Adjusting Accounts and Preparing Financial State-
University of Oklahoma-Norman and Don Herrmann, Oklahoma State
University-Stillwater ments
2011 (October 2010) / 736 pages Timing and Reporting
Adjusting Accounts
ISBN: 9780078110825
Preparing Financial Statements
ISBN: 9780071088381 [IE]
Closing Process
www.mhhe.com/succeed Classified Balance Sheet
Decision Analysis—Profit Margin and Current Ratio
David Spiceland, Wayne Thomas and Don Herrmann have developed
a unique text based on over 50 collective years of experience in the Appendix 3A Alternative Accounting for Prepayments
classroom. They’ve brought together best practices like highlighting Appendix 3B Work Sheet as a Tool
Common Mistakes, offering frequent Let’s Review exercises, integrat- Appendix 3C Reversing Entries
ing the course with a running Continuing Problem, demonstrating Chapter 4 Reporting and Analyzing Merchandising Operations
the relevance of the course to non-majors with a Career Corner, and Merchandising Activities
communicating it all in a student-friendly Conversational Writing Style. Accounting for Merchandise Purchases
The new 2nd edition of Financial Accounting, Spiceland, Thomas, Her- Accounting for Merchandise Sales
rmann, has been developed with feedback from over 330 reviewers Completing the Accounting Cycle
and focus group participants from across the country. The following
Financial Statement Formats
list of changes and improvements is a testament to the many hours
that reviewers spent analyzing the 1st edition, helping make Financial Decision Analysis—Acid-Test and Gross
Accounting, 2nd edition, the best book of its kind. Margin Ratios
Appendix 4A Periodic (and Perpetual) Inventory System
Contents Appendix 4B Work Sheet—Perpetual System
Chapter 5 Reporting and Analyzing Inventories
1. Accounting Information and Decision Making
Inventory Basics
2. The Accounting Information System
Inventory Costing under a Perpetual System
3. The Financial Reporting Process
Valuing Inventory at LCM and the Effects of Inventory Errors
4. Cash and Internal Controls
Decision Analysis—Inventory Turnover and Days’ Sales in Inventory
5. Receivables and Sales
Appendix 5A Inventory Costing under a Periodic System
6. Inventory and Cost of Goods Sold
Appendix 5B Inventory Estimation Methods
7. Long-Term Assets
Chapter 6 Reporting and Analyzing Cash and Internal Controls
8. Current Liabilities
Internal Control
9. Long-Term Liabilities
Control of Cash
10. Stockholders’ Equity
Banking Activities as Controls
11. Statement of Cash Flows
Decision Analysis—Days’ Sales Uncollected
12. Financial Statement Analysis
Appendix 6A Documents in a Voucher System
Appendix A – Annual Report of American Eagle
Appendix 6B Control of Purchase Discounts
Appendix B – Annual Report of The Buckle
Chapter 7 Reporting and Analyzing Receivables
Appendix C – Time Value of Money
Accounts Receivable
Appendix D – Investments
Notes Receivable
Appendix E – International Financial Reporting Standards
Disposing of Receivables
Decision Analysis—Accounts Receivable
Turnover
Chapter 8 Reporting and Analyzing Long-Term Assets
Asian Adaptation SECTION 1—PROPERTY, PLANT AND EQUIPMENT
Cost Determination
FINANCIAL ACCOUNTING Depreciation
An IFRS Perspective Additional Expenditures
By John Wild, ken Shaw, Barbara Chiappetta and Winston Kwok (NUS) Disposals of Property, Plant and Equipment
2011 (July 2010) / 664 pages SECTION 2—NATURAL RESOURCES
ISBN: 9780071288972 SECTION 3—INTANGIBLE ASSETS 329
An Asian Adaptation Decision Analysis—Total Asset Turnover 331
Appendix 8A Exchanging Property, Plant and
www.mheducation.asia/olc/wildkwok Equipment 335
Financial Accounting: Information for Decisions provides leading Chapter 9 Reporting and Analyzing Current Liabilities
accounting content that engages and motivates students. It helps Characteristics of Liabilities
students to develop good decision-making habits as they prepare, Known (Determinable) Liabilities
analyze, and apply accounting information. It also includes the current Estimated Liabilities
financial reports of Nestle, Kraft Foods, and Adidas to further reinforce Contingent Liabilities
real-world relevance of accounting concepts. Decision Analysis—Times Interest Earned Ratio
Chapter 10 Reporting and Analyzing Long-Term Liabilities
Contents Basics of Bonds
Chapter 1 Introducing Accounting in Business Bond Issuances
Importance of Accounting Bond Retirement
Fundamentals of Accounting Long-Term Notes Payable
Transaction Analysis and the Accounting Equation Decision Analysis—Debt Features and the Debt-to-Equity Ratio
Financial Statements Appendix 10A Present Values of Bonds and Notes
Decision Analysis—Return on Assets Appendix 10B Effective Interest Amortization

16
Accounting

Appendix 10C Issuing Bonds between Interest Dates handy 8-page laminated fold-out reference tool packaged free with
Appendix 10D Leases and Pensions new copies of the text.
Chapter 11 Reporting and Analyzing Equity
™™ New IFRS (International Financial Reporting Standards) Boxes:
Corporate Form of Organization
These boxes reflect recent developments in the business world that
Common Stock
are relevant to accounting practice and how IFRS may differ from
Dividends
current practices in the U.S. GAAP reporting.
Preferred Stock
Treasury Stock ™™ New Global View section: Financial accounting according to U.S.
Reporting of Equity GAAP is similar, but not identical, to IFRS. Towards the end of each
Decision Analysis—Earnings per Share, Price-Earnings Ratio, Divi- chapter, a new “Global View” section highlights international account-
dend Yield, and Book ing practices, including the similarities and differences for financial
Value per Share reporting under IFRS versus U.S. GAAP relating to topics covered
Chapter 12 Reporting and Analyzing Cash Flows within that chapter. Most chapters use GOME’s financial statements as
Basics of Cash Flow Reporting compared to Best Buy to illustrate the differences/similarities between
Cash Flows from Operating these financial reporting rules and concepts.
Cash Flows from Investing
Cash Flows from Financing ™™ New Feature Company: Students are provided relevant, real-
Decision Analysis—Cash Flow Analysis world companies as a resource tool and motivating force in learning
Appendix 12A Direct Method of Reporting accounting. Best Buy is the new feature company, which means that
Operating Cash Flows each chapter has selected assignments that require student to use,
Chapter 13 Analyzing and Interpreting Financial Statements analyze, or interpret its accounting data.
Basics of Analysis ™™ New Comparative Companies: For comparative purposes with
Horizontal Analysis Best Buy, students are provided the financial statements of Radi-
Vertical Analysis oShack. Assignments are included that ask students to compare
Ratio Analysis and interpret Best Buy, and RadioShack data. GOME, a Hong Kong
Decision Analysis—Analysis Reporting based-company, serves as a global comparison for Best Buy and
Appendix 13A Sustainable Income RadioShack Selected 2009 financial data for all three companies
Appendix A Financial Statement Information is included in end-of-book Appendix A. Each of these companies is
Nestlé integrated into the end-of-chapter material. Finally, Apple financial
Kraft Foods statements are also included along assignments for each chapter.
Adidas
Appendix B Time Value of Money B-1 ™™ NEW! McGraw-Hill’s Connect uses end-of-chapter material pulled
Glossary directly from the textbook to create static and algorithmic questions
Credits that can be used for practice, homework, quizzes, and tests. FA 5e
Index Connect also includes The Personal Learning Plan (PLP) that con-
Chart of Accounts nects each student to the learning resources needed for success in
the course. For each chapter, students: Take a practice test to initiate
the Personal Learning Plan; Immediately upon completing the prac-
tice test, see how their performance compares to chapter learning
objectives within chapters; Receive a Personal Learning Plan that
FINANCIAL ACCOUNTING recommends specific readings from the text, supplemental study
with IFRS Fold Out Primer, 5th Edition material, and practice work that will improve their understanding and
mastery of each learning objective. All new texts come bundled with
By John J Wild, University of Wisconsin at Madison
Connect Plus at no additional cost.
2011 (January 2010) / 736 pages
ISBN: 9780077408770 CONTENTS
www.mhhe.com/wild5e 1 Introducing Accounting in Business
2 Analyzing and Recording Business Transactions
FINANCIAL ACCOUNTING: Information for Decisions, 5th Edition ad-
dresses the topics and issues typically covered in Financial Account- 3 Adjusting Accounts and Preparing Financial Statements
ing while at the same time motivating student interest in accounting 4 Reporting and Analyzing Merchandising Operations
through the extensive use of entrepreneurial examples, application 5 Reporting and Analyzing Inventories
of analysis skills, integration of interactive tutorial software, and a 6 Reporting and Analyzing Cash and Internal Controls
highly engaging pedagogical design. This book thoroughly integrates 7 Reporting and Analyzing Receivables
ideas and practices followed by today’s business entrepreneurs, 8 Reporting and Analyzing Long-Term Assets
speaking more directly to students and better preparing them to 9 Reporting and Analyzing Current Liabilities
enter the workforce. 10 Reporting and Analyzing Long-Term Liabilities
11 Reporting and Analyzing Equity
New to this edition 12 Reporting and Analyzing Cash Flows
™™ Integrated Apple iPod Content: Each chapter features icons 13 Analyzing and Interpreting Financial Statements
connecting course content with learning resources available for Appendix A: Financial Statements Information
download with the Apple iPod. Available downloads include audio- Appendix B: Applying Present and Future Values
only lectures, lecture slideshows, narrated lecture slideshows, and Appendix C: Investments and International Operations
educational videos. *Appendix D: Reporting and Analyzing Partnerships
*Appendix E: Reporting and Preparing Special Journals
™™ New Presentation of Transaction Analysis: Identify – Analyze –
Record – Post: a more logical and simple presentation of transaction
analysis that students understand. The change from the forth edition
to this approach came directly from reviewer feedback.
™™ New IFRS (International Financial Reporting Standards) Quick
Reference Guide: This reference toll sets the stage for IFRS map-
ping similarities and differences to GAAP for each text chapter in a

17
Accounting

ACCOUNTING MADE EASY 10. Rectification of Errors


11. Bank Reconciliation Statement
2nd Edition
Unit VII
By Rajesh Agrawal, International Crops Research Institute for Semi Arid
Tropics and R Srinivasan, Professor IIM Bangalore 12. Self balancing ledger – meaning – procedure – self balancing
2010 (July 2010) / 224 pages journal entries – self balancing ledgers – transfer from one ledger
to another
ISBN: 9780070700987
13. Insurance claims – normal loss – abnormal loss
McGraw-Hill India Title Unit VIII
This new edition of Accounting Made Easy continues to provide a 14. Hire purchase & installment – including Hire purchasing trading
simple and easy-to-assimilate introduction to the subject of Finan- account
cial Accounting. The structure of the book has been defined and Unit IX
built around two levels. The first level helps the readers to build an 15. Branch accounts – excluding foreign branches 16. Departmental
understanding of accounting in a step-by-step manner. The second accounts – Transfers at cost or selling price
level builds a bridge between the accounting learnt in the first level
Unit X
and the real-world accounting. The book follows a novel ‘Learn by
Doing’ approach which engages the reader in work modules while 17. Average due date – calculation of due date based on holidays
one reads the book. intervention – interest calculation
18. Account current – methods of calculation of interest – product
Contents method – red ink interest method – époque method – periodic bal-
ance method
Level I
Unit XI
The Green Company (Cash & Trading)
19. Royalty accounts – accounting treatment in the books of lessor
The Yellow Company (Credit & Trading
and lessee – sub lease
The Blue Company (Credit & Manufacturing)
Unit XII
The Brown Company (More Manufacturing)
20. Insolvency of individual and firm
The Red Company (A Brief Strategy)
Unit XIII
The Orange Company
21. Bills of exchange – Trading and Accommodation bills – Renew-
Learning from Level I
als – Dishonour due to insolvency – Retiring of bills
Level II
Unit XIV
Simple T-Accounts: An Introduction
22. Accounting for goods sent on ‘ Sale or Return basis’
Simple T-Accounts: Do-It-Yourself
23. Investment Accounts
Taking Stock of Stocks
24. Voyage accounts
Complex T- Accounts: An Introduction
Unit XV
Complex T- Accounts: Do-It-Yourself
25. Consignment accounts – invoicing goods at cost price – proforma
Accounting Systems: Cash Book, Journal and Ledgers
invoice price – valuation of unsold stocks – accounting treatment of
Learning from Accounting Scams
normal loss and abnormal loss
Accounting Concepts and the Policy
26. Joint venture accounts – recording in individual venturer’s book
Learning from this Book
– recording in separate set of books
Unit XVI
27. Human Resource accounting
28. Inflation accounting
Unit XVII
financial accounting 29. Definition – provision relating to partnership – capital and current
By S John Gabriel, Madras Christian College-Chennai and A Marcu,
Loyola College-Chennai accounts of partners – fixed and fluctuating – appropriation of profits
– past adjustments and guarantee – final accounts of firms
2010 (July 2010) / 1076 pages
30. Introduction – Admission of a Partner – Treatment of goodwill –
ISBN: 9780070682177
Revaluation of assets and liabilities – calculation of ratios for distribu-
McGraw-Hill India Title tion of profits – capital adjustments
This book aims at discussing the basic as well as advanced concepts 31. Retirement of partner – calculation of gaining ratio-Revaluation of
of financial accounting. The focus of this book is on the principles and assets and liabilities-Treatment of goodwill – adjustment of goodwill
tools of financial accounting and their application. This book covers through capital account only-settlement of accounts retiring partner’s
the syllabus of Financial Accounting of the undergraduate courses of loan account with equal installments only
University of Madras as well as other universities in South I region. 32. Death of a partner – treatment of JLP – settlement of amount due
This book will meet the requirements of the students of this subject to legal representatives of deceased partner
in a comprehensive manner.
33. Dissolution – insolvency of partners – garner Vs murray – insol-
vency of all partners – deficiency accounts – piecemeal distribution
Contents
– proportionate capital method only
Unit I 34. Amalgamation of firms – creation of new firm – sale to a company
1. Introduction to Accounting
2. Accounting Cycle –Journal and Ledger
3. Cash Book Petty Cash Book
4. Subsidiary Books
5. Trial Balance
Unit II
6. Final accounts of Sole Trading Concerns
Unit III
7. Single entry
Unit IV
8. Accounting for Non-Trading concerns – all methods
Unit V
9. Depreciation
Unit VI

18
Accounting

FINANCIAL ACCOUNTING 3. Intangible Assets and Impairment of Assets


Including International Financial Reporting 4. Leases
5. Inventories and Construction Contracts
Standards (IFRS) 6. Share Capital and Reserves
By Jan R Williams, Sue F Haka, Mark S Bettner, Joseph V Carcello, 7. Liabilities
Nclson Lam and Peter Lau
8. Income Taxes
2010 (August 2010) / 816 pages
9. Cash Flow Statements
ISBN: 9780071288965
10. Groups
An Asian Publication 11. Foreign Currency
www.mheducation.asia/olc/williamlamlau 12. Interpretation of Financial Statements

While many texts are characterized as having either a “user” ap-


proach or a “preparer” approach, Financial Accounting: Including
International Financial Reporting Standards is written for faculty who
want to strike a balance between these approaches. Business majors
will find relevance in the “Ethics, Fraud & Corporate Governance,” AUSTRALIAN FINANCIAL ACCOUNTING
“Your Turn” and “Case in Point” boxes throughout the chapters while 6th Edition
accounting majors will receive a firm grounding in accounting basics
that will prepare them for their intermediate course. In addition, the By Craig Deegan, RMIT University in Melbourne
textbook incorporates examples, case studies, and questions drawn 2009
from Asian contexts and practices. Combined with robust end-of- ISBN: 9780070277748
chapter exercises and exciting interactive supplementary materials, McGraw-HIll Australia Title
Financial Accounting: Including International Financial Reporting
Standards is absolutely relevant and essential for instructors and www.mhhe.com/au/deegan6e
students in the region.
Australia’s market-leading financial accounting text provides students
with a detailed grasp of reporting requirements in an accessible and
CONTENTS engaging manner. Fully updated throughout, Australian Financial Ac-
1 Accounting: Information for Decision Making counting further develops and extends its coverage of consolidations
2 Basic Financial Statements and encompasses topical issues such as social and environmental
3 The Accounting Cycle: Capturing Economic Events accounting. Renowned for his clear writing style, Craig Deegan suc-
4 The Accounting Cycle: Accruals and Deferrals cessfully communicates the detail necessary to understand, challenge
5 The Accounting Cycle: Reporting Financial Results and critically evaluate financial reporting. Complete in theoretical and
practical coverage, this text gives students a strong foundation for
Comprehensive Problem 1: Susquehanna Equipment Rentals
current study and their future professional lives.
6 Merchandising Activities
7 Financial Assets Contents
8 Inventories and the Cost of Goods Sold
Comprehensive Problem 2: Guitar Universe Company Part 1--The Australian Accounting Environment
9 Property, Plant, and Equipment, Intangible Assets and Natural Ch 1. An overview of the Australian external reporting environment
Resources Ch 2. The conceptual framework of accounting and its relevance to
10 Liabilities financial reporting
11 Shareholders’ Equity: Capital Part 2--Theories of Accounting
Comprehensive Problem 3: McMinn Retail Limited Ch 3. Theories of accounting
12 Profit and Changes in Retained Earnings Part 3--Accounting for Assets
13 Statement of Cash Flows Ch 4. An overview of accounting for assets
14 Financial Statement Analysis Ch 5. Depreciation of property, plant and equipment
Comprehensive Problem 4: Adidas AG, Herzogenaurach Ch 6. Revaluations and impairment testing of non-current assets
15 Global Business and Accounting Ch 7. Inventory
Appendix A: Adidas AG, Herzogenaurach 2009 Consolidated Group Ch 8. Accounting for intangibles
Financial Statements (IFRS) and Additional Information Ch 9. Accounting for heritage assets and biological assets
Appendix B: The Time Value of Money: Future Amounts and Present Part 4--Accounting for Liability and Owner’s Equity
Values Ch 10. An overview of accounting for liabilities
Index Ch 11. Accounting for leases
Ch 12. Set-off and extinguishment of debt
Ch 13. Accounting for employee benefits
Ch 14. Share capital and reserves
Ch 15. Accounting for financial instruments
FINANCIAL ACCOUNTING AND REPORTING Ch 16. Revenue recognition issues
Ch 17. The income statement
By Bill Collins and John McKeith of University of Stirling
Ch 18. Share-based payments
2009 / 608 pages
Ch 19. Accounting for income tax
ISBN: 9780077114527
Part 5--Accounting for the Disclosure of Cash Flows
McGraw-Hill UK Title Ch 20. Statement of cash flows
www.mcgraw-hill.com.uk/textbooks.collins Part 6--Industry-specific Accounting Issues
Ch 21. Accounting for the extractive industries
Financial Accounting and Reporting by Bill Collins and John McKeith Ch 22. Financial reporting of general insurance activity
takes an uncomplicated, step-by-step approach to intermediate level
Ch 23. Accounting for superannuation plans
financial accounting for specialist students. Its unique three-part
chapter structure builds up topic understanding without assuming Part 7--Other Disclosure Issues
too much prior knowledge, offering a manageable way to master the Ch 24. Events occurring after reporting date
subject one step at a time. Ch 25. Financial reporting by segments
Ch 26. Related party disclosures
Contents Ch 27. Earnings per share
Part 8--Accounting for Equity Interests on Other Entities
1. The Preparation and Regulation of Company Financial Statements
Ch 28. Accounting for group structures: an introduction to
2. Non-Current (Fixed) Assets

19
Accounting

consolidation accounting 29. The nature of limited companies and their capital
Ch 29. Further consolidation issues I: accounting for intragroup 30. The final financial statements of limited companies
transactions 31. Statement of cash flows
Ch 30. Further consolidation issues II: minority interests 32. The appraisal of company financial statements using ratio analysis
Ch 31. Further consolidation issues III: accounting for indirect interests Extra chapters available Online
Ch 32. Further consolidation issues IV: accounting for changes in the 33. UK accounting: institutional framework and standards
degree of ownership of a subsidiary 34. Changes in share capital
Ch 33. Accounting for equity investments 35. An introduction to consolidated financial statements
Ch 34. Accounting for interests in joint ventures 36. Value added tax, columnar books of prime entry and the payroll
Part 9--Foreign currency 37. The role of computers in accounting
Ch 35. Accounting for foreign currency transactions 38. Accounting for changing price levels
Ch 36. Translation of the accounts of foreign operations
Part 10--Corporate Social-Responsibility Reporting
Ch 37. Accounting for corporate social responsibility

International edition
FINANCIAL ACCOUNTING
INTRODUCTION TO FINANCIAL A New Perspective
ACCOUNTING By Paul E. Solomon
2004 / 768 pages
6th Edition
ISBN: 9780071217187 [IE with PowerWeb]
Andrew Thomas, University of Birmingham
2009 / 768 pages www.mhhe.com/solomon
ISBN: 9780077122805 CONTENTS
McGraw-Hill UK Title Chapter 1- Introduction to a Business: Cards & Memorabilia Unlimited
www.mcgraw-hill.co.uk/textbooks/thomas Appendix 1-1 Cards & Memorabilia Unlimited
Chapter 2- Analyzing the Transactions of a Business
The sixth edition of Introduction to Financial Accounting has been
fully revised and updated to provide comprehensive coverage of Chapter 3- Financial Statements and Their Relationships
accounting in the 21st century. Retaining its short, student-friendly Chapter 4- The Balance Sheet
chapters and practical approach, it’s an essential text for students Chapter 5- Using the Balance Sheet to Make Decisions
studying accounting for the first time. Chapter 6- The Income Statement
Chapter 7- Using the Income Statement to Make Decisions
Contents Chapter 8- The Statement of Cash Flows
Part 1: The basic framework of accounting Chapter 9- The Accounting Process: Manual and Computerized
1. Entities and financial reporting standards Systems Appendix 9-1 Learning How to Use T-Account Analysis
2. International accounting: institutional framework and standards Chapter 10- Comparing Financial Statements by Entity and Industry
3. The nature and objectives of financial accounting Appendix 10-1 Learning How to Read Consolidated Financial State-
4. Accounting principles, concepts and policies ments
5. The conceptual framework of accounting Chapter 11- How Operating Activities Affect Financial Statements
6. Auditing, corporate governance and ethics Chapter 12- How Investing Activities Affect Financial Statements
Part 2: Double-entry bookkeeping Appendix 12-1 Mastering Compound Interest Concepts (With Tables)
7. The accounting equation and its components Chapter 13- How Financing Activities Affect Financial Statements
8. Basic documentation and books of accounts Appendix 13-1 Measuring and Reporting Leases Appendix 13-2 Ac-
9. The general ledger counting for Deferred Income Taxes
10. The balancing of accounts and the trial balance Chapter 14- Applying What You Have Learned To Analyze the Gap
11. Day books and the journal Appendix 14-1 2001 Financial Information for the Gap, Inc. and for
12. The cash book The Limited, Inc. Appendix 14-3 Creating a Statement of Cash Flows
13. The petty cash book Appendix A Performance Objectives Appendix B Commonly Used
Part 3: Preparing final financial statements Account Titles Appendix C Transactions A 1 through Z for Cards &
14. The final financial statements of sole traders (in brief) Memorabilia Unlimited
15. Depreciation and non-current assets
16. Bad debts and provisions for bad debts
17. Accruals and prepayments
18. The preparation of final financial statements from the trial balance
Part 4: Internal control and check
19. The bank reconciliation statement
20. Control accounts
21. Errors and suspense accounts
22. Single entry and incomplete records
Part 5: Preparing final financial statements for manufacturing
entities
23. Inventory valuation
24. Financial statements for manufacturing entities
Part 6: Clubs
25. The final financial statements of clubs
Part 7: Partnerships
26. The final financial statements of partnerships
27. Changes in partnerships
28. Partnership dissolution and conversion to company status
Part 8: Companies

20
Accounting

Financial Accounting ™™ Easy-to-follow review of financial accounting

Supplements
™™ Supports all the major textbooks for financial accounting courses

SCHAUM’S OUTLINE OF BOOKKEEPING


AND ACCOUNTING
SCHAUM’S EASY OUTLINE OF 4th Edition
BOOKKEEPING AND ACCOUNTING By Joel J. Lerner, Sullivan County Community College and Rajul Gokarn
Revised Edition 2010 (September 2009) / 480 pages
By Joel Lerner, Sulivan County Community College ISBN: 9780071635363
2012 (September 2011) / 144 pages A Schaum Publication
ISBN: 9780071779753
Schaum’s Outline of Bookkeeping and Accounting is the ideal review
A Schaum Publication and reference for your accounting class. Inside you’ll find explanations
Schaum’s Easy Outline of Bookkeeping and Accounting is a book for of the subject’s fundamentals and topics such as financial analysis,
students looking for a quick nuts-and-bolts overview. This book is a preparing cash flow statements, and the distinction between account-
pared-down, simplified, and tightly focused version of its predecessor, ing for perpetual and periodic inventory system. It also includes a
Schaum’s Outline of Bookkeeping and Accounting. With an emphasis chapter on the most popular accounting software, which accounting
on clarity and brevity, this title features a streamlined and updated students are expected to master before they graduate.
format and the absolute essence of the bookkeeping and accounting,
presented in a concise and readily understandable form. Contents
1. Assets, Liabilities, and Capital
™™ Expert tips for mastering bookkeeping and accounting
2. Debits and Credits: The Double-Entry System
™™ Last-minute essentials to pass the course 3. Journalizing and Posting Transactions
4. Financial Statements
™™ Easily-understood review of bookkeeping and accounting 5. Adjusting and Closing Procedures
™™ Supports all major textbooks for bookkeeping and accounting 6. Computer Application: Peachtree Complete- Software Introduction
courses 7. Repetitive Transaction: The Sales and the Purchases Journals
8. The Cash Journal
™™ Covers all course fundamentals – supplements the major book- 9. Summarizing and Reporting via the Worksheet
keeping and accounting textbooks 10. The Merchandising Company
™™ Appropriate for the following courses: Bookkeeping and Ac- 11. Costing Merchandise Inventory
counting, Principles of Accounting, Intermediate Accounting, Financial 12. Pricing Merchandise
Accounting 13. Negotiable Instruments
14. Controlling Cash
15. Payroll
16. Property, Plant, and Equipment: Depreciation
17. The Partnership
18. The Corporation
SCHAUM’S OUTLINE OF FINANCIAL
ACCOUNTING
Revised 2nd Edition
By Jae K Shim, California State University and Joel G Siegel, Queens
College
2012 (October 2011) / 360 pages
ISBN: 9780071762502
A Schaum Publication
Schaum’s Outline of Financial Accounting mirrors the course in scope
and sequence to help enrolled students understand basic concepts
and offer extra practice on topics such as income statements, bal-
ance sheets, ledgers, debits, credits, financial statements, accrued
expenses, accrued revenue, condensed income statements, bank
statements, interest computation, and notes payable. Coverage
also includes current and noncurrent liabilities, bonds, stock splits,
dividends, admitting a new partner, liquidating a partnership, solvency
ratios, profitability ratios, cash and cash equivalents, and harmoniza-
tion of accounting standards.

™™ 490 fully-solved problems REVIEW COPY


™™ Full coverage of accounting concepts, principles, and tools (Available for course adoption only)
To request for a review copy,
™™ Complete self-testing exams
ƒƒ contact your local McGraw-Hill
™™ Supports and supplements the leading textbooks in Financial representatives or,
Accounting ƒƒ fax the Review Copy Request Form found
in this catalog or,
™™ Appropriate for the following courses: Financial Accounting, ƒƒ e-mail your request to
Accounting for Management, Accounting Principles, Accounting I, mghasia_sg@mcgraw-hill.com or,
Accounting II ƒƒ submit online at www.mheducation.asia

21
Accounting

Managerial Accounting to the problem, showing the students each step of the process.
Appropriate chapters and problems include calculator keystroke
solutions in addition to formulas.
ƒƒ A Self Quiz and Study program allows students to evaluate their
performance through a practice test and then receive recommen-
dations for specific readings from the text, supplemental study
material, and practice work that will improve their mastery of each
Global edition learning objective.
ƒƒ Pre-built assignments are available to save you set up time.
™™ NEW! Chapter Updates
NEW *9780078025419* ƒƒ Chapter 1 (Managerial Accounting and Cost Concepts) has been
rewritten to include coverage of mixed costs and contribution for-
mat income statements. The redundant coverage of the schedule
INTRODUCTION of cost of goods manufactured has been eliminated so that it is
now only covered in Chapter 2. The comparison of financial and
TO MANAGERIAL managerial accounting has been moved to the Prologue.
ACCOUNTING ƒƒ Chapter 2 (Job-Order Costing) has added a cost formula approach
6th Edition to computing predetermined overhead rates.
By Peter C Brewer, Miami University of ƒƒ Chapter 6 (Variable Costing and Segment Reporting: Tools for
Oh-Oxford, Ray H Garrison, Brigham Young Management) – the variable costing appendix has been expanded
University-Provo and Eric Noreen, University of to an entire chapter. The coverage of segmented income state-
Washington
ments has been moved to this chapter.
ƒƒ Chapter 8 (Flexible Budgets, Standard Costs, and Variance Analy-
2013 (January 2012) / 736 pages sis) combines material from two chapters in the previous edition.
ISBN: 9780078025419 It discusses flexible budgets and their application in service busi-
ISBN: GE ISBN unavailable at press time nesses. It also explains how standards can be used to separate
Introduction to Managerial Accounting, 6/e by Brewer/Garrison/ spending variances into quantity and price variances.
Noreen is based on the market-leading text, Managerial Accounting, ƒƒ Chapter 9 (Performance Measurement in Decentralized Organiza-
by Garrison, Noreen and Brewer. Brewer 6e is a briefer, more ac- tions) has been reorganized, moving the segmented income state-
cessible, and thoroughly student-friendly text that satisfies the basic ments to an earlier chapter and adding nonfinancial performance
needs of the managerial accounting student without unnecessary measures to the chapter.
depth on advanced topics associated with the follow-up course cost ƒƒ Chapter 12 (Statement of Cash Flows) has been completely
accounting/cost management. Faculty and students alike will find this
overhauled to simplify the process of creating a statement of cash
new edition has retained the hallmark features of the Garrison brand:
author-written supplements, excellent readability, terrific examples, flows and to expand the discussion of how to interpret the state-
and balanced end-of-chapter material. In addition, Connect Account- ment of cash flows.
ing for Brewer/Garrison/Noreen has been expanded with new learning ™™ NEW! “Helpful Hint” boxes are found several times throughout
resources for your students. each chapter and include a variety of common mistakes, key points,
and “pulling it all together” insights for students.
New to this edition
™™ NEW! Each chapter now contains one “Foundational 15” exercise
™™ McGraw-Hill’s Connect Accounting offers a number of powerful that includes fifteen “building-block” questions related to one concise
tools and features to make managing assignments easier, so you can set of data. These exercises can be used for in-class discussion or
spend more time teaching. Students can engage with their coursework as homework assignments. They are found before the Exercises and
anytime and anywhere, making the learning process more accessible are available in Connect Accounting.
and efficient. In short, Connect Accounting facilitates student learn-
ing and optimizes your time and energies, enabling you to focus on ™™ NEW! “Take Two” is a new end of chapter feature that provides a
course content, teaching, and student learning. second set of alternate numbers for selected exercises. The numbers
can be plugged into the exercise, thereby providing instructors an
ƒƒ Create and deliver online, auto-graded homework assignments,
option to work out the same exercise more than once during class,
quizzes, and tests directly from the end-of-chapter materials or
sometimes showcasing a much different variation in the solution to
test bank. Problems are available as both static and algorithmic
facilitate an additional learning opportunity. The alternate solutions
problems, and there are also multiple-choice conceptual questions.
can be found in the instructor’s solutions manual.
ƒƒ Students receive immediate, detailed feedback on their assign-
ments, allowing them to focus on the areas where they need ™™ NEW! “Applying Excel” is a new end-of-chapter feature that
improvement. provides students with an opportunity to build their own Excel work-
ƒƒ Questions mapped to AACSB and AICPA skill areas, Bloom’s sheets and formulas. Students are then asked “what if” questions in
Taxonomy levels, learning objectives, and difficulty level enable which they analyze how and why the related pieces of accounting
you to run reports that assess specific learning outcomes. data affect each other. This feature will also be integrated in Connect.
ƒƒ NEW! LearnSmart ensures your students are learning faster, study-
ing more efficiently, and retaining more knowledge. It pinpoints ™™ “Decision Point” boxes combine the “Decision Maker” and “You
concepts the student does not understand and maps out a person- Decide” boxes from previous editions into one feature that fosters
alized study plan for success. Based on students’ self-diagnoses critical thinking and decision-making skills by providing real-world
of their proficiency, LearnSmart intelligently provides students business scenarios that require resolution of a business issue. The
with a series of adaptive questions. This provides students with a suggested solution is located at the end of the chapter. (Example:
personalized one-on-one tutor experience. Shoe Store Manager, Chapter 9.)
ƒƒ NEW! Select key problems offer Guided Examples next to the ™™ Connect Plus Accounting. This packaging option combines all
assigned problems to show how to work through a similar prob- the great features of Connect Accounting, along with access to an
lem. Students can learn from this video to then solve their own online version of Introduction to Managerial Accounting, 6e, so that
assigned problems students can easily refer back to the text for review and guidance.
ƒƒ NEW! Interactive Presentations teach the core learning objectives This media rich e-book links directly to tutorials and online resources
of the text in a multimedia format, bringing the key concepts to life. and offers additional functionality like taking notes and highlighting
ƒƒ Detailed Feedback offers the option to present worked-out solutions key passages for reviewing later.

22
Accounting

Contents ™™ Chapter 14: This chapter has been completely overhauled to


Prologue: Managerial Accounting: An Overview simplify the process of creating a statement of cash flows.
Chapter 1: Managerial Accounting and Cost Concepts ™™ In Business boxes and End-of-Chapter material: revised
Chapter 2: Job-Order Costing
Chapter 3: Activity-Based Costing ™™ McGraw-Hill’s Connect Accounting: In addition to Self-Quiz and
Chapter 4: Process Costing Study, the 14th edition of Garrison Connect Accounting offers new
Chapter 5: Cost-Volume-Profit Relationships game-changing features including LearnSmart and Guided Examples.
Chapter 6: Variable Costing and Segment Reporting: Tools for
Management Contents
Chapter 7: Profit Planning 1. Managerial Accounting: An Overview
Chapter 8: Flexible Budgets, Standard Costs, and Variance Analysis 2. Managerial Accounting and Cost Concepts
Chapter 9: Performance Measurement in Decentralized Organizations 3. Job-Order Costing
Chapter 10: Differential Analysis: The Key to Decision Making 4. Process Costing
Chapter 11: Capital Budgeting Decisions 5. Cost-Volume-Profit Relationships
Chapter 12: Statement of Cash Flows 6. Variable Costing and Segment Reporting: Tools for Management
Chapter 13: Financial Statement Analysis 7. Activity-Based Costing: A Tool to Aid Decision Making
8. Profit Planning
9. Flexible Budgets and Performance Analysis
10. Standard Costs and Variances
11. Performance Measurement in Decentralized Organizations
12. Differential Analysis: The Key to Decision Making
13. Capital Budgeting Decisions
NEW *9780078111006* 14. Statement of Cash Flows
15. Financial Statement Analysis
Appendix A Pricing Products and Services
MANAGERIAL Appendix B Profitability Analysis
AccOUNTING
14th Edition

By Ray H Garrison, Brigham Young University- International edition
Provo, Eric Noreen, Univesity of Washington
and Peter C Brewer, Miami University of Oh- FUNDAMENTAL MANAGERIAL
Oxford
ACCOUNTING CONCEpts
6th Edition
2012 (January 2011) / 832 pages By Thomas P Edmonds, University of Alabama at Birmingham, Philip
R Olds, Virginia Commonwealth University, Bor-Yi Tsay, University of
ISBN: 9780078111006 Alaabama at Birmingham
www.mhhe.com/garrison14e 2011 (September 2010) / 704 pages
ISBN: 9780078110894
As the long-time #1 best-seller, Garrison has helped guide close to
3 million students through managerial accounting since it was first ISBN: 9780071220729 [IE]
published. It identifies the three functions managers must perform www.mhhe.com/edmonds2011
within their organizations—plan operations, control activities, and
make decisions—and explains what accounting information is Course Overview: Fundamental Managerial Accounting Concepts
necessary for these functions, how to collect it, and how to interpret 6th edition is intended for the managerial accounting course taken
it. Garrison’s Managerial Accounting is known for its relevance, ac- primarily by sophomores at both two and four year schools. Adopters
curacy, and clarity. It is also unique in that the authors write the most of Edmonds’ Fundamental Financial Accounting Concepts may be
important supplements that accompany the book: solutions manual, interested in this text for their managerial courses. This book is also
test bank, instructor’s manual, and study guide – making them both a fit for schools moving away from Principles of Accounting texts to
of high quality and extremely consistent with the textbook. splits and/or schools that find their current text to be too encyclopedic
and would like a text integrating a more user-oriented perspective.
New to this edition Title Overview: Fundamental Managerial Accounting Concepts 6th
edition by Edmonds/Edmonds/Tsay/Olds focuses on concepts that
™™ Applying Excel: This new feature, which has been added to are isolated and introduced in a logical sequence. The authors inten-
Chapters 2-13 of the text and Connect Accounting, gives students tionally limit the scope of the material to help students build a solid
the opportunity to practice using Excel formulas to build their own foundation of the most important concepts in managerial accounting.
worksheets. They are then asked a series of “what if” questions, all of Fundamental Managerial Accounting Concepts 6th edition is organ-
ized in a distinctive way, particularly in the first six chapters. The
which illustrate the relationship among various pieces of accounting
objective is to establish a coherent, integrative framework that enables
data. The Applying Excel feature links directly to the concepts intro- students to build knowledge in stepwise fashion. The authors’ goal
duced in the chapter, providing students with an invaluable opportu- is for students to understand the underlying principles of accounting,
nity to apply what they have learned using a software they will use not just memorize content.
throughout their careers, whether they become an accountant or not.
Contents
™™ Chapter 1: This chapter has been completely overhauled to help
all business students better understand why managerial accounting Chapter 1 Management Accounting and Corporate Governance
is relevant to their future careers. Chapter 2 Cost Behavior, Operating Leverage, and Profitability
Analysis
™™ Chapter 2: This chapter has been extensively rewritten to include Chapter 3 Analysis of Cost, Volume, and Pricing to Increase Profit-
coverage of mixed costs and contribution format income statements. ability
The redundant coverage of the schedule of cost of goods manufac- Chapter 4 Cost Accumulation, Tracing, and Allocation
tured has been eliminated so that it is now only covered in the Job Chapter 5 Cost Management in an automated Business Environment:
Order Costing chapter. The comparison of financial and managerial ABC, ABM and TQM
accounting has been moved to Chapter 1. Chapter 6 Relevant Information for Special Decisions (Previously

23
Accounting

Chapter 5) ƒƒ A simpler method for calculating multiproduct breakeven point


Chapter 7 Planning for Profit and Cost Control using the concept of breakeven percentage of sales in Chapter 4.
Chapter 8 Performance Evaluation ƒƒ Included the dual method of cost allocation in Chapter 6, giving a
Chapter 9 Responsibility Accounting comprehensive view of cost allocation techniques.
Chapter 10 Planning for Capital Investments ƒƒ A tabulated format for ABC calculation to encourage students to
Chapter 11 Product Costing in Service and Manufacturing Entities follow a systematic approach in addressing the topic in Chapter 7.
Chapter 12 Job-Order, Process, and Hybrid Costing Systems ƒƒ A systematic tabulated format to help student solve easy or com-
Chapter 13 Financial Statement Analysis plicated process costing exercises in Chapter 9
Chapter 14 Statement of Cash Flows ƒƒ A modified easy to use technique for variance calculations in
Appendix Chapter 12 to help readers solve and modify variance calculations
Glossary for future real life problems.
Photo Credits ƒƒ The Value to Business (Owners) also known as Deprival Value
Index model in Chapter 14 to help assess the true value of assets in the
decision making process.
™™ New exercises: The authors have written new exercises for
every chapter (with suggested answers) at different challenging levels
(easy, intermediate and difficult) and formats (MCQ, short questions
or long questions). These questions are in general more challenging
NEW *9780071088015* and relevant to the Asia-Pacific environment. They will be available
to adopters in the instructor resource CD.

CONTENTS
MANAGERIAL ACCOUNTING About the Authors
An Asian Perspective Let Garrison be Your Guide
Powerful Pedagogy
By Ray H. Garrison, Eric Noreen, Peter Brewer, New Asian Content
Cheng Nam Seng (Singapore Management Instructor Supplements
University) and Katherine Yuen (Singapore Student Supplements
Management University)
Acknowledgments
Chap 1: Managerial Accounting and the Business Environment
Chap 2: Managerial Accounting and Cost Concepts
2011 (April 2011) / 888 pages Chap 3: Cost Behavior: Analysis and Use
ISBN: 9780071088015 Chap 4: Cost-Volume: Profit Relationships
An Asian Publication Chap 5: Variable Costing: A Tool for Management
Chap 6: Cost Allocation
www.mheducation.asia/olc/garrison
Chap 7: Activity-Based Costing: A Tool to Aid Decision Making
Managerial Accounting: An Asian Perspective builds on the founda- Chap 8: Systems Design: Job-Order Costing
tion of the market leading text, Managerial Accounting by Garrison, Chap 9: Systems Design: Process Costing
Noreen, and Brewer. It identifies the three functions managers must Chap 10: Profit Planning
perform within their organizations—plan operations, control activities,
Chap 11: Flexible Budgets and Performance Analysis
and make decisions—and explains what accounting information is
necessary for these functions, how to collect it, and how to interpret Chap 12: Standard Costs and Operating Performance Measures
it. Faculty and students alike will find this new edition has retained the Chap 13: Segment Reporting, Decentralization, and the Balanced
hallmark features: author-written supplements, excellent readability, Scorecard
terrific examples, and balanced end-of-chapter material. Chap 14: Relevant Costs for Decision Making
Chap 15: Capital Budgeting Decisions
Features Appendix A: Pricing Products and Services
Appendix B: Profitability Analysis
™™ Change of Chapter Flow: The 2 chapters on Systems Design
(Chapter 3 Systems Design: Job-Ordering Costing and Chapter 4
Systems Design: Process Costing) are moved to chapters 8 and 9,
after the discussion on Activity-Based Costing. This change of chapter
flow would highlight Activity-based costing being an important founda- Global edition
tion that could be mixed with Job-order and Process costing methods
to form activity-based job costing and activity-based process costing. MANAGERIAL ACCOUNTING
™™ New Chapter: Even with activity-based costing system, some 9th Edition
organization-level activities may still be allocated judgmentally. By Ronald W Hilton, Cornell University-Ithaca
Furthermore, cost allocations are problems that consume much of 2011 (October 2010) / 832 pages
management’s time to resolve. Therefore, this new edition highlights ISBN: 9780078110917
cost allocation in a new Chapter 6, moving it from 2 appendices (4B ISBN: 9780071220866 [GE] - Pub April 2011
& 12B) previously.
www.mhhe.com/hilton9e
™™ New Asian companies, examples and cases are included in
The emphasis of Managerial Accounting, 9th edition is on teaching
In Business boxes and chapter opening Business Focus feature.
students to use accounting information to best manage an organiza-
Examples of Asian companies include Japan Airlines, Temasek Hold- tion. In a practice Hilton pioneered in the first edition, each chapter
ings, Bank of Thailand, Disney Hong Kong, Samsung Electronics etc. is written around a realistic business or focus company that guides
™™ New frameworks and approaches are introduced as alternatives the reader through the topics of that chapter. Known for balanced
examples of Service, Retail, Nonprofit and Manufacturing companies,
to explain concepts and workings. Traditional workings/approaches
Hilton offers a clear, engaging writing style that has been praised
are retained to give instructors an option to continue their existing by instructors and students alike. As in previous editions, there is
method or adopt the alternative systematic approach. significant coverage of contemporary topics such as activity-based
costing, target costing, the value chain, customer profitability analysis,
and throughput costing while also including traditional topics such as

24
Accounting

job-order costing, budgeting and performance evaluation.


NEW
Contents *9780071016650*
Chapter 1 The Changing Role of Managerial Accounting in a Dynamic MANAGEMENT
Business Environment
Chapter 2 Basic Cost Management Concepts and Accounting for
ACCOUNTING & CONNECT
Mass Customization Operations PLUS
Chapter 3 Product Costing and Cost Accumulation in a Batch Pro- 6th Edition
duction Environment
Chapter 3 Appendix Activity-Based Costing: An Introduction Kim Langfield-Smith, Monash University, Helen
Chapter 4 Process Costing and Hybrid Product-Costing Systems Thorne, University of South Australia and Ron-
Chapter 5 Activity-Based Costing and Management ald W Hilton, Cornell University-Ithaca
Chapter 5 Appendix Just-in-Time Inventory and Production Manage-
ment
Chapter 6 Activity Analysis, Cost Behavior, and Cost Estimation 2011 (August 2011)
Chapter 6 Appendix Least-Squares Regression Using Microsoft Excel ISBN: 9780071016650
Chapter 7 Cost-Volume-Profit Analysis McGraw-Hill Australia Title
Chapter 7 Appendix Effect of Income Taxes
Chapter 8 Absorption and Variable Costing www.mhhe.com/au/langfield6e
Chapter 9 Profit Planning and Activity-Based Budgeting Management Accounting: Information for Creating and Managing
Chapter 10 Standard Costing, Operational Performance Measures Value 6e explains the contemporary role of management account-
and the Balanced Scorecard ing in organisations and demonstrates how it creates and enhances
Chapter 10 Appendix Use of Standard Costs for Product Costing value for shareholders. This text has been developed using major
Chapter 11 Flexible Budgeting and the Management of Overhead cases based on real Australian businesses and includes numerous
and Support Activity Costs illustrations of current management accounting practices of organi-
sations in Australia, New Zealand and the wider Asia-Pacific region.
Chapter 11 Appendix A Standard Costs and Product Costing
It takes a broad perspective in viewing management accounting as
Chapter 11 Appendix B Sales Variances the efficient and effective use of resources, supporting managers in
Chapter 12 Responsibility Accounting, Quality Control and Environ- the improvement of customer and shareholder value. The strategic
mental Cost Management and topical focus has been further developed and strengthened, new
Chapter 13 Investment Centers and Transfer Pricing questions have been added, text-flow streamlined and extensive revi-
Chapter 14 Decision Making: Relevant Costs and Benefits sions have been made to capital expenditure decisions, activity and
Chapter 14 Appendix Linear Programming target-based costings, corporate social responsibility, and supply chain
Chapter 15 Target Costing and Cost Analysis for Pricing Decisions management. Respected authors, a clear writing style and a wealth
Chapter 16 Capital Expenditure Decisions of features that reference the management accounting practices of
real-life companies have made Management Accounting the most
Chapter 16 Appendix A Future Value and Present Value Tables
popular management accounting text in Australia.
Chapter 16 Appendix B Impact of Inflation
Chapter 17 Allocation of Support Activity Costs and Joint Costs New to this edition
Chapter 17 Appendix Reciprocal-Services Method
Appendix I The Sarbanes-Oxley Act, Internal Controls, and Manage- ™™ Material on processes and techniques to improve value and
ment Accounting competitiveness.
Appendix II Compound Interest and the Concept of Present Value
™™ Extensive range of review questions and exercises
Appendix III Inventory Management
References for In their Own Words ™™ Coverage of emerging issues and focus on the dominant Aus-
Glossary tralian service sector
Photo Credits
Index of Companies and Organizations Contents
Index of Subjects Part 1 Introduction to Management Accounting
1.Management accounting: information for creating value and man-
aging resources
2.Management accounting: cost terms and concepts
Part 2: Costs and Costing Systems
3. Cost and costing systems
4. Product costing systems
5. Process costing and operation costing
6. Service costing
7. A closer look at overhead costs
8. Activity-based costing
Part 3: Information for Managing Resources
9. Budgeting systems
10. Standard costs for control: direct material and direct labour
All Global Editions are 11. Standard costs for control: flexible budgets and manufacturing
adapted to better meet the overhead
needs of courses outside 12. Financial performance reports and transfer pricing
the United States. 13. Financial performance measures for investment centres and
Please contact your local reward systems
sales representative for 14. Contemporary approaches to measuring and managing perform-
ance
more details.
15. Suppliers and customers
16. Managing costs and quality
Part 4: Information for creating value
17. Sustainability and management accounting

25
Accounting

18. Cost volume profit analysis UK Adaptation


19. Information for tactical decisions
20. Pricing and product mix decisions
21. Information for capital expenditure decisions NEW *9780077129897*
MANAGEMENT
ACCOUNTING
International edition 4th Edition

MANAGERIAL ACCOUNTING FOR By Will Seal, Loughborough University Business
MANAGERS School, UK
2nd Edition
By Eric Noreen, University of Washington, Peter C Brewer, Miami Uni-
versity of OH-Oxford and Ray H Garrison, Brigham Young University-
Provo 2011 (December 2011) / 896 pages
2011 (January 2010) / 672 pages ISBN: 9780077129897
ISBN: 9780073527130
McGraw-Hill UK Title
ISBN: 9780071221085 [IE]
www.mcgraw-hill.co.uk/textbooks/seal
www.mhhe.com/nbg2e
Management Accounting offers the ideal balance between technical
Managerial Accounting for Managers, 2nd Edition by Noreen/Brewer/ and conceptual approaches to Management Accounting. With its
Garrison is based on the market-leading text, Managerial Accounting, comprehensive coverage and focus on assessment material and
by Garrison, Noreen and Brewer. The Noreen book was created to application, this new edition is an essential core text for undergradu-
serve customers who do not wish to teach the financial accounting- ate accounting students and flexible enough to be used across a
oriented content that is included in the Garrison book. Of our three variety of levels.
books (the Brewer book, the Garrison book, and the Noreen book),
the Noreen book is the most pure management accounting textbook.
Contents
The other two books have greater amounts of financial accounting
content. Managerial Accounting for Managers, 2nd Edition is geared Part I: An introduction to management accounting
towards professors who love Garrison’s market-leading managerial Chapter 1: Accounting and decision making in business
accounting content, but have been bothered by the debits and credits Part II: Cost and revenues for decision making
included in the book. It includes the same coverage of managerial Chapter 2: Cost terms and concepts
accounting topics such as Relevant Costs for Decision Making, Capital Chapter 3: Short-term decision making: cost-volume-profit relation-
Budgeting Decisions, and Segment Reporting and Decentralization ships
without the journal entries. The job-order costing chapter has been
Chapter 4: Relevant costs for decision making
extensively rewritten to remove all journal entries. Furthermore, the
chapters dealing with process costing, the statement of cash flows, Chapter 5: The principles of cost allocation: full costing
and financial statement analysis have been dropped to enable Chapter 6: Activity-based costing
professors to focus their attention on the bedrocks of managerial Chapter 7: Pricing, target costing and transfer pricing
accounting—planning, control, and decision making. Part III: Business planning and organizational control
Chapter 8: Profit planning and controlling: budgeting
Contents Chapter 9: Standard costing and variance analysis
Chapter 1: Managerial Accounting and the Business and Environment Chapter 10: Long-term decision making: capital investment appraisal
Chapter 2: Managerial Accounting and Cost Concepts Chapter 11: Strategic management accounting and the balanced
Chapter 3: Cost Behavior: Analysis and Use scorecard
Chapter 4: Cost-Volume-Profit Relationships Chapter 12: Performance measurement and management control in
Chapter 5: Systems Design: Job-Order Costing segmented organizations
Chapter 6: Variable Costing: A Tool for Management Chapter 13: Management control and business process improvement
Chapter 7: Activity-Based Costing: A Tool to Aid Decision Making
Chapter 8: Profit Planning
Chapter 9: Flexible Budgets and Performance Analysis
Chapter 10: Standard Costs and Operating Performance Measures
Chapter 11: Segment Reporting, Decentralization, and the Balanced
Scorecard
Chapter 12: Relevant Costs for Decision Making
Chapter 13: Capital Budgeting Decisions
Appendix A: Pricing Products and Services
Appendix B: Profitability Analysis

26
Accounting

connects conceptual understanding to the real world, so students will


NEW *9780077126728* be able to analyze and apply their managerial accounting knowledge
successfully in careers as managers in the world of business. White-
cotton 1e will engage and motivate students by presenting accounting
MANAGEMENT in the context of real, recognizable companies like Starbucks, Mattel,
and Tombstone Pizza, then integrate those companies throughout
ACCOUNTING FOR the chapters. This will allow students to see accounting information
BUSINESS DECISIONS being used to make real business decisions in companies that are
part of their lives, helping them connect their learning to the real world.
By Will Seal, Loughborough University Business
School, UK CONTENTS
1. Introduction to Managerial Accounting
2. Job-Order Costing
3. Process Costing
2011 (March 2011) 4. Activity-Based Cost Management
ISBN: 9780077126728 5. Cost Behavior and Estimation
6. Cost-Volume-Profit Analysis
McGraw-Hill UK Title
7. Incremental Analysis for Short-Term Decision Making
www.mcgraw-hill.co.uk/textbooks/seal 8. Capital Budgeting for Long-Term Investment Decisions
9. Budgeting and Planning
Written with the decision maker in mind, this new text from Professor
Will Seal, author of the highly successful Management Accounting, 10. Controlling with Standard Costs and Variances
takes a practical, real-world approach to the subject. Suitable for 11. Decentralized Performance Evaluation and the Balanced Score-
one or two semester courses, the text is aimed at both specialist and card
non-specialist students at an introductory level. The book provides 12. Statement of Cash Flows
concise and manageable coverage of key topics and theory, and is 13. Financial Statement Analysis
supported by contemporary examples from both the manufacturing
and services industries, ensuring it is relevant and engaging to both
today’s students and tomorrow’s decision makers.

CONTENTS
International edition
An introduction to management accounting
Chapter 1: Accounting and decision making in business INTRODUCTION TO MANAGERIAL
Cost and revenues for decision making ACCOUNTING
Chapter 2: Cost terms and concepts
5th Edition
Chapter 3: Short-term decision making: cost-volume-profit relation-
By Peter C Brewer, Miami University of Oh-Oxford, Ray H Garrison,
ships Brigham Young University-Provo and Eric Noreen, University of Wash-
Chapter 4: Relevant costs for decision making ington
Chapter 5: The principles of cost allocation: full costing 2010 (September 2009) / 672 pages
Chapter 6: Activity-based costing ISBN: 9780073527079
Chapter 7: Pricing, target costing and transfer pricing ISBN: 9780070181915 [IE]
Business planning and organizational control
Chapter 8: Profit planning and controlling: budgeting www.mhhe.com/brewer5e
Chapter 9: Standard costing and variance analysis Introduction to Managerial Accounting, 5/e by Brewer/Garrison/Noreen
Chapter 10: Long-term decision making: capital investment appraisal is based on the market-leading text, Managerial Accounting, by Gar-
Chapter 11: Strategic management accounting and the balanced rison, Noreen and Brewer. However, this is not simply a briefer book
scorecard with chapters removed; Brewer 5e has been rethought and retooled
Chapter 12: Performance measurement and management control in to meet the needs of the market. Brewer 5e is a more accessible,
segmented organizations yet thoroughly student-friendly text that satisfies the basic needs of
Chapter 13: Management control and business process improvement the managerial accounting student without unnecessary depth on
advanced topics associated with the follow-up course: cost account-
ing/cost management. Faculty and students alike will find this new
edition has retained the hallmark features of the Garrison brand:
author-written supplements, excellent readability, terrific examples,
and balanced end-of-chapter material.

International edition Contents


Prologue: Managerial Accounting and the Business Environment
MANAGERIAL ACCOUNTING Chapter 1: Managerial Accounting and Cost Concepts
By Stacey M Whitecotton, Arizona State University-Tempe, Patricia Chapter 2: Systems Design: Job-Order Costing
Libby, Ithaca College, Robert Libby, Cornell University-Ithaca and Fred
Phillips, University of Saskatchewan Chapter 3: Systems Design: Activity-Based Costing
Chapter 4: Systems Design: Process Costing
2011 (January 2010) / 672 pages
Chapter 5: Cost Behavior: Analysis and Use
ISBN: 9780078110771
Chapter 6: Cost-Volume-Profit Relationships
ISBN: 9780071221214 [IE] Chapter 7: Profit Planning
www.mhhe.com/whitecotton1e Chapter 8: Flexible Budgets and Performance Analysis
Chapter 9: Standard Costs
Tag line: Teaching Managerial Accounting in the Context of Business-
Chapter 10: Segment Reporting, Decentralization, and the Balanced
Whitecotton 1e addresses the reality of students taking the managerial
accounting course: the majority of them will not become accounting Scorecard
majors and accountants; instead they will use accounting information Chapter 11: Relevant Costs for Decision Making
in their professional lives to make business decisions. Therefore, the Chapter 12: Capital Budgeting Decisions
greatest challenges instructors have are to engage these students Chapter 13: “How Well Am I Doing?” Statement of Cash Flows
in the managerial accounting course, keep the students motivated Chapter 14: “How Well Am I Doing?” Financial Statement Analysis
throughout the course, and teach them accounting in a way that

27
Accounting

MANAGEMENT ACCOUNTING Chapter 11. Costing and Control of Administrative, Selling and Dis-
tribution Overheads
Revised Edition, 3rd Edition
Chapter 12. Activity Based Costing System
By Bill Neish, Macquarie University and Alan Banks, Grafton College of
TAFE Chapter 13. Job-Order, Batch and Service Costing
2010 (November 2010) / 672 pages Chapter 14. Process, Joint and By-Product Costing
Chapter 15. Variable Costing and Absorption (Full) Costing
ISBN: 9780070278448
Chapter 16. Volume-Cost-Profit Analysis
McGraw-Hill Australia Title Chapter 17. Budgeting and Profit Planning
www.mhhe.com/au/manacc3r Chapter 18. Standard Costs and Quality Costs
Chapter 19. Cost Variance Analysis
This revised edition of Management Accounting is an invaluable
Chapter 20. Revenue and Profit Variance Analysis
resource for students of Certificate IV Financial Services (Account-
ing), Diploma of Accounting and Advanced Diploma of Accounting Chapter 21. Responsibility Accounting
in the FNS10 financial services training package. Featuring a new Chapter 22. Short-Run Decision Analysis
user-friendly layout and writing style with updated revision exercises, Chapter 23. Capital Budgeting
this text is ideal for VET-level management accounting students.

KEY Features
™™ Mapped to the relevant competencies of the FNS10 Financial
Services Training Package
™™ User-friendly writing style and layout to increase readability
Managerial Accounting
™™ A wealth of self-test questions, end-of-chapter review ques-
Supplements
tions and easy-to-follow examples to assist students with practice
and revision
™™ Additional practice and review exercises are available on the
Online Learning Centre
SCHAUM’S OUTLINE OF MANAGERIAL
ACCOUNTING
Scope Revised 2nd Edition
™™ The book is mapped to the relevant core and elective competen- By Jae K Shim, California State University and Joel G Siegel, Queens
College
cies of the FNS10 financial services training package and covers:
2012 (September 2011) / 384 pages
™™ FNSACCT402B Produce job costing information—core unit for ISBN: 9780071762526
Certificate IV Financial Services (Accounting) A Schaum Publication
™™ FNSACCT507B Provide management accounting information— Schaum’s Outline of Managerial Accounting mirrors the course in
core unit for Diploma of Accounting scope and sequence to help enrolled students understand basic
concepts and offer extra practice on topics such as cost classifica-
™™ FNSACCT613B Prepare and analyse management accounting tions, income statements, balance sheets, analysis of cost behavior,
information—elective unit for Advanced Diploma of Accounting target income volume, margin of safety, break-even, and CVP analysis
assumptions. Coverage also includes the make-or-buy decision,
the sell-or-process-further decision, utilization of scarce resources,
standard costs, variance analysis, fixed overhead variances, transfer
pricing, and capital budgeting techniques.
MANAGEMENT ACCOUNTING ™™ 490 fully-solved problems
5th Edition
™™ Information on costing, capital budgeting, quality, variances,
By MY Khan, University of Delhi and PK Jain, Indiana Institute of
Technology-Delhi and inventory
2009 ™™ Excellent preparation for the CPA, CMA, SMA, and CGA exams
ISBN: 9780070681965
™™ Supports and supplements the leading textbooks in Managerial
McGraw-Hill India Title Accounting
This new edition provides a penetrating and comprehensive analysis
of the concepts, theories, and techniques in a simple lucid style in ™™ Appropriate for the following courses: Management Accounting,
the frame work of Indian business environment. The subject matter Cost Accounting, Accounting for Management, Managerial Accounting
of this volume is woven round the application of accounting informa-
™™ Easy-to-follow review of managerial accounting
tion for decision making both about a firm and as well as by a firm.
™™ Supports all the major textbooks for managerial accounting
Contents courses
Chapter 1. Nature of Management Accounting
Chapter 2. Generally accepted Accounting Principles and Account-
ing Standards
Chapter 3. Accounting Cycle and Statements of Financial Information
Chapter 4. Understanding Corporate Financial Statements and
Reports
Chapter 5. Cash Flow Statement
Chapter 6. Financial Statements Analysis
Chapter 7. Cost Concepts and Management Needs
Chapter 8. Costing and Control of Materials
Chapter 9. Costing and Control of Labour
Chapter 10. Costing and Control of Factory (Manufacturing) Over-
heads

28
Accounting

Computerized Accounting The text uses a highly effective three-step approach that aids stu-
dents in constructing their own customized learning based on what
they already know:

1. Chapter Tutorials. Providing numerous screen shots and detailed


instructions, chapters in Computer Accounting with QuickBooks are
designed as tutorials for the student to initially learn the accounting
NEW *9780078025341* software features. All chapters are based on realistic, virtual company
cases to enhance your understanding of the business environment in
which QuickBooks is used. YouTube videos @ www.myquickbooks.
COMPUTER ACCOUNTING WITH me reinforce chapter tutorials.
QUICKBOOKS PRO 2012
14th Edition 2. Learning Activities. To improve long-term retention of student soft-
ware skills and mastery of QuickBooks, learning activities are included
By Donna Kay, Maryville University at the end of the chapters. Designed with fewer instructions to test the
2013 (February 2012) / 768 pages understanding and, when needed, to develop skills at quickly seeking
ISBN: 9780078025341 out additional information to complete tasks, the activities consist of
exercises, projects and web quests. JIT Learning, the ability to seek
(Details unavailable at press time) out information as needed, is an increasingly important skill in a
rapidly changing business environment. Computer Accounting with
QuickBooks is designed to seamlessly facilitate your development of
this crucial skill. In addition, the virtual cases challenge you to apply
and develop both software and problem-solving skills.

3. Reflection. Reflection improves learning and retention. A reflection


NEW *9780078025358* exercise, A Wish and A Star, appears at the end of each chapter to
highlight what the student has learned.
COMPUTER ACCOUNTING WITH New to this edition
PEACHTREE COMPLETE 2012
™™ Same Author, New Name: Donna Ulmer is now Donna Kay: Don’t
Release 19.0, 16th Edition
let the name change fool you, this text is written by the same market
By Carol Yacht, Peachtree Consultant
leading author just like the previous 12 editions.
2013 (March 2012) / 704 pages
ISBN: 9780078025358 ™™ New for Instructors! QuickBooks Grade Assistant automatically
grades selected QuickBooks assignments (labeled with *).
(Details unavailable at press time)
™™ New! Expanded assignments 12 new QuickBooks projects and
4 QuickBooks cases are incorporated throughout this new edition
of the text.
™™ Go Paperless. Consistent with the sustainability and cost reduc-
tion initiatives on many college campuses, this edition offers three
NEW *9780078025570* options for going paperless with QuickBooks.
™™ Live Project: QuickBooks in Action. Chapter 13 guides you
COMPUTER ACCOUNTING ESSENTIALS through the development of an authentic QuickBooks application that
USING QUICKBOOKS PRO 2012 can be used as a capstone project or as a service learning project
for a not-for-profit. By integrating and synthesizing skills learned in
6th Edition
the course, the QuickBooks in Action project provides you with an
By Carol Yacht, Peachtree Consultant and Susan Crosson, Santa FE
College effective mastery opportunity and bolsters your resume with profes-
sional experience.
2013 (March 2012) / 256 pages
ISBN: 9780078025570 ™™ A 140 day student trial edition of the QuickBooks software comes
(Details unavailable at press time) packaged in the inside back cover of the text. The software allows the
student to do the various projects and exercises in the book from their
home computer. There are no limitations to the product functionality
within those 140 days.
™™ The book can be used with QuickBooks Pro and QuickBooks
COMPUTER ACCOUNTING WITH Accountant. The new edition is geared towards both versions of
QuickBooks. This edition the book comes with QuickBooks Account-
QUICKBOOKS PRO 2011 ant instead of QuickBooks Pro.
MP - wQBPremAccCD, with Student CD,
13th Edition Contents
By Donna Kay, Maryville University Section I: Exploring QuickBooks with Rock Castle Construction
2012 (March 2011) / 704 pages 1 Quick Tour of QuickBooks Pro 2010
ISBN: 9780077499860 2 Customizing QuickBooks and the Chart of Accounts
3 Banking
www.mhhe.com/kay2011 4 Customers and Sales
Using a hands-on approach, Computer Accounting with QuickBooks® 5 Vendors, Purchases, and Inventory
2011 integrates understanding accounting with mastery of QuickBooks 6 Employees and Payroll
software. The text provides proven instructional techniques based on 7 Reports and Graphs
action research throughout the new edition to make students mastery Section II: Small Business Accounting with QuickBooks 2010
of QuickBooks as effortless as possible. The Thirteenth Edition offers
8 New Company Setup
a complete package to learn the leading small business accounting
software: QuickBooks software, comprehensive text, Student Blog, 9 Accounting for a Service Company
and LIVE Projects. 10 Merchandising Corporation: Sales, Purchases, and Inventory

29
Accounting

11 Merchandising Corporation: Payroll Contents


12 Advanced QuickBooks Features for Accountants Part 1: Exploring Peachtree Complete Accounting 2011
13 QuickBooks in Action: An Authentic Project Chapter 1: Introduction to Bellwether Garden Supply
Section III: Quick Guide Chapter 2: Vendors
QuickBooks Software Chapter 3: Customers
Company Commands Chapter 4: Employees
Chart of Accounts Chapter 5: General Ledger, Inventory, and Internal Control
Customer Transactions Chapter 6: Job Cost
Vendor Transactions Chapter 7: Financial Statements
Employee Transactions Chapter 8: Stone Arbor Landscaping—Time and billing
Banking Transactions Part 2: Peachtree Complete Accounting 2011 for Service Busi-
Entries nesses
Reports Chapter 9: New Company Setup and Beginning Balances
Microsoft Office and QuickBooks Chapter 10: Maintaining Accounting Records for Services Businesses
Section IV: QuickBooks Extras Chapter 11: Completing Quarterly Activities and Closing the Fiscal
Appendix A Install & Register QuickBooks Software Year
Appendix B Back Up and Restore QuickBooks Files Project 1: Susan Watson, Accounting
Appendix C Troubleshooting QuickBooks Project 1A: Student-Designed Service Business
Appendix D Electronic Deliverables Part 3: Peachtree Complete Accounting 2011 for Merchandising
Appendix E QuickBooks for Mac Businesses
Appendix F QuickBooks Blog Chapter 12: Vendors & Purchases
Chapter 13: Customers & Sales
Chapter 14: Inventory & Services
Chapter 15: Employees, Payroll, and Account Reconciliation
Project 2: Mountain Sports
Project 2A: Student-Designed Merchandising Business
NEW *9780077505035* Part 4: Advanced Peachtree Complete Accounting 2011 Ap-
plications
Chapter 16: Customizing Forms
COMPUTER ACCOUNTING Chapter 17: Import/Export
WITH PEACHTREE BY SAGE Chapter 18: Microsoft Word and Templates
Project 3: Atlanta Computer Club
COMPLETE ACCOUNTING
Project 4: ML Manufacturing, Inc.
2011 Project 4A: Student-Designed Project
Release 19.0, 15th Edition Appendix A: Troubleshooting
Appendix B: Accounting Information Systems
By Carol Yacht, Peachtree Consultant Appendix C: Review of Accounting Principles
Appendix D: Glossary

2012 (February 2011) / 704 pages


ISBN: 9780077505035
www.mhhe.com/yacht2011 computer accounting essentials
Carol Yacht’s Peachtree textbook is the market leader because her using quickbooks PRO 2011
pedagogy is unmatched—she incorporates real-world businesses; 5th Edition
step-by step-directions; numerous screen illustrations; challenging
By Carol Yacht, Peachtree Consultant and Susan Crosson, Santa Fe Col-
exercises and projects; and a website with additional resources. In lege
Computer Accounting with Peachtree by Sage Complete Account-
ing 2011, 15th Edition, you learn about the relationship between 2011 (April 2010) / 224 pages
Peachtree software and fundamental accounting principles, proce- ISBN: 9780077408954
dures, and business processes. The primary goal is for the student
www.mhhe.com/QBProessentials2010
to have a working familiarity with the software after completing
the course with this text. Computer Accounting with Peachtree by QuickBooks Pro 2010 Essentials is an accessible, step-by-step guide
Sage Complete Accounting 2011, 15th Edition, teaches you how to installing, using and mastering the most widely used software for
to use Peachtree Complete Accounting 2011 software. For more small businesses. Supportive pedagogy helps students develop a
than 35 years , Peachtree by Sage has produced award-winning strong working knowledge of QuickBooks Pro. This book focuses on
accounting software. Over 6.2 million customers use Sage software the basic business processes of the software and teaches students
products. More than 13,000 employees work for Sage (http://sage. step-by-step how to set up and run a merchandising corporation.
com/ourbusiness/aboutus). The Sage family of software products,
which includes Peachtree Complete Accounting, is the leading global Contents
supplier of business management solutions and services. For more
information about Sage’s worldwide community, refer to page xxxii. Chapter 1: Software Installation and Creating a New Company
In the United States and Canada, Peachtree is used by more than Chapter 2: Exploring QuickBooks
3.1 million businesses. Each year, tens of thousands of customers Chapter 3: New Company Setup for a Merchandising Business
choose accountant-recommended Peachtree by Sage for their busi- Chapter 4: Working with Inventory, Vendors, and Customers
ness needs. Why? Because Peachtree helps you do more to support Chapter 5: Accounting Cycle and Year End
the success of your business. Industries that use Peachtree include Chapter 6: First Month of the New Year
retail stores, healthcare, human resources/payroll, construction/real Project 1: Your Name Hardware Store
estate, transport/distribution, payment processing, not-for-profit, Project 2: Student-Designed Merchandising Business
manufacturing, public utilities, legal, medical, and accounting firms.
Appendix A: Review of Accounting Principles

30
Accounting

COMPUTER ACCOUNTING USING MYOB


BUSINESS SOFTWARE
Intermediate Accounting
Version 19.5, 13th Edition
By Bill Neish, Macquarie University and George Kahwati, Northern
Sydney Institute of TAFE
2010 (November 2010) / 848 pages
ISBN: 9780070279070 NEW *9780078025327*
McGraw-Hill Australia Title
www.mhhe.com/au/myob19 INTERMEDIATE ACCOUNTING
7th Edition
Computer Accounting Using MYOB Business Software is the ideal
By J David Spiceland, University of Memphis, James Sepe, Santa Clara
learning resource for all students and professionals taking their first University, Mark W Nelson, Cornell University-Ithaca
steps with MYOB, whether in a classroom-based or self-paced
learning environment. The thirteenth edition of the text is written for 2013 (July 2012) / 1280 pages
MYOB AccountRight Plus v19, MYOB AssetManager Pro v3.5 and ISBN: 9780078025327
MYOB AccountRight Enterprise v19. This new edition gives students ISBN: 9780077446499 (Volume 1, Chapters 1-12)
a thorough understanding of MYOB business software, and the ISBN: 9780077446482 (Volume 2, Chapters 13-21)
expertise and confidence to use it in their professional lives. This
book will prove useful to all levels of users from those with little or www.mhhe.com/spiceland7e
no accounting knowledge to qualified accountants. For providers of
CONTENTS
accredited courses, assessment material is provided at the end of
each chapter. Some assessment material is cumulative to allow for 1. Environment and Theoretical Structure of Financial Accounting
module integration and re-enforcement of material covered in previ- 2. Review of the Accounting Process
ous chapters. The authors have maintained the user-friendly style 3. The Balance Sheet and Financial Disclosures
of previous editions, with clear step-by-step instructions, abundant 4. The Income Statement and Statement of Cash Flows
MYOB screen images, competency skills checklists, self-test ques- 5. Income Measurement and Profitability Analysis
tions and answers, and concise practical examples.
6. Time Value of Money Concepts
7. Cash and Receivables
Key Features
8. Inventories: Measurement
™™ Revised and updated to incorporate instructions for the features 9. Inventories: Additional Issues
of MYOB AccountRight Plus v19 including payroll functions, 2010 tax 10. Property, Plant, and Equipment and Intangible Assets: Acquisition
tables, and numerous other smaller changes), MYOB AssetManager and Disposition
Pro v3.5 and MYOB AccountRight Enterprise v19 11. Property, Plant, and Equipment and Intangible Assets: Utilization
and Impairment
™™ NEW: 100 videos taking learners step-by step through the most 12. Investments
common and important functions (on CD) 13. Current Liabilities and Contingencies
™™ A wealth of screenshots and clear step-by-step instructions for a 14. Bonds and Long-Term Notes
full understanding of new and existing features of MYOB v19 15. Leases
16. Accounting for Income Taxes
™™ User-friendly writing style enables students to process informa- 17. Pensions and Other Postretirement Benefits
tion easily 18. Shareholders’ Equity
™™ Competency skills checklists, self-test questions and practical 19. Share-Based Compensation and Earnings per Share
examples assist student comprehension 20. Accounting Changes and Error Corrections
21. Statement of Cash Flows Revisited
Scope
™™ Computer Accounting Using MYOB Business Software is written
for MYOB Accounting Plus v19, MYOB AssetManager Pro v3.5 and
MYOB AccountRight Enterprise v19.

NEW *9780071328029*
INTERMEDIATE FINANCIAL REPORTING
An IFRS Perspective, 2nd Edition
By Nelson Lam and Peter Lau
2012 (March 2012) / 950 pages
ISBN: 9780071328029
An Asian Publication
Intermediate Financial Reporting: An IFRS Perspective, Second Edi-
tion explains the financial reporting concepts, accounting treatments
REVIEW COPY and requirements, and preparation and presentation of financial
statements encountered at the corporate or individual entity level by
(Available for course adoption only) using the most updated International Financial Reporting Standards
To request for a review copy, (IFRSs), including the latest IFRSs on financial instruments and fair
ƒƒ contact your local McGraw-Hill value measurement. This book is suitable for students, lecturers and
representatives or, practitioners. Students and lecturers should find this a good textbook
ƒƒ fax the Review Copy Request Form found for undergraduate and postgraduate intermediate and advanced
in this catalog or, accounting and financial reporting courses. Users and preparers
ƒƒ e-mail your request to of financial reports will find the concepts and explanations useful in
mghasia_sg@mcgraw-hill.com or, their daily work, and they can use the book as a guide in analysing,
ƒƒ submit online at www.mheducation.asia auditing and preparing their financial reports.

31
Accounting

CONTENTS Contents
About the Authors The Role of Accounting as an Information System
Preface Chapter 1. Environment and Theoretical Structure of Financial Ac-
1. Financial Reporting and International Financial Reporting Stand- counting
ards Chapter 2. Review of the Accounting Process
2. Conceptual Framework for Financial Reporting Chapter 3. The Balance Sheet and Financial Disclosures
3. Property, Plant and Equipment Chapter 4. The Income Statement and Statement of Cash Flows
4. Leases Chapter 5. Income Measurement and Profitability Analysis
5. Investment Property Chapter 6. Time Value of Money Concepts Economic Resources
6. Intangible Assets Chapter 7. Cash and Receivables
7. Borrowing Costs Chapter 8. Inventories: Measurement
8. Impairment of Assets Chapter 9. Inventories: Additional Issues
9. Inventories Chapter 10. Property, Plant, and Equipment and Intangible Assets:
10. Construction Contracts Acquisition and Disposition
11. Revenue Chapter 11. Property, Plant, and Equipment and Intangible Assets:
12. Employee Benefits Utilization and Impairment
13. Income Taxes Financial Instruments and Liabilities
14. Provisions and Contingencies Chapter 12. Investments
15. Financial Instruments — An Introduction Chapter 13. Current Liabilities and Contingencies
16. Financial Assets Chapter 14. Bonds and Long-Term Notes
17. Financial Liabilities and Derecognition Chapter 15. Leases
18. Financial Instruments — Presentation and Disclosure Chapter 16. Accounting for Income Taxes
19. Presentation of Financial Statements Chapter 17. Pensions and Other Postretirement Benefits
20. Accounting Policies, Changes in Accounting Estimates and Errors Chapter 18. Shareholders’ Equity
21. Events after the Reporting Period Additional Financial Reporting Issues
22. Non-current Assets Held for Sale and Discontinued Operations Chapter 19. Share-Based Compensation and Earnings per Share
23. The Effects of Changes in Foreign Exchange Rates Chapter 20. Accounting Changes and Error Corrections
24. Statement of Cash Flows Chapter 21. The Statement of Cash Flows Revisited
25. Fair Value Measurement Appendix A: Derivatives
Index Appendix B: Dell Annual Report
Appendix C: IFRS Comprehensive Case

International edition
INTERMEDIATE FINANCIAL REPORTING
INTERMEDIATE ACCOUNTING WITH An IFRS Perspective
BRITISH AIRWAYS ANNUAL REPORT By Nelson Lam and Peter Lau
6th Edition 2009 (October 2008) / 912 pages
By J David Spiceland, University of Memphis, James Sepe, Santa Clara ISBN: 9780071274241
University, Mark W Nelson, Cornell University-Ithaca and Lawrence A
Tomassini, Ohio State University An Asian Publication
2011 (March 2010) Intermediate Financial Reporting: An IFRS Perspective explains the
ISBN: 9780077395810 financial reporting concepts, accounting treatments and requirements,
ISBN: 9780071313988 [IE] and preparation and presentation of financial statements encountered
at the corporate or individual entity level by using the most updated
ISBN: 9780077395834 (Volume 1, Chapter 1-12) international financial reporting standards (IFRSs). This book also
ISBN: 9780077395827 (Volume 2, Chapter 13-21) contains several illustrative examples and real-life cases to help read-
ers digest and understand the IFRS. The real-life cases are sourced
www.mhhe.com/spiceland6e
from those countries and places that have adopted or permitted the
Rated the most satisfying textbook by students in independent re- use of IFRS, including Australia, China, Finland, France, Germany,
search, Spiceland/Sepe/Nelson’s Intermediate Accounting, 6th Edi- Hong Kong, Italy, the Netherlands, Singapore, the United Kingdom
tion, has the quality, flexibility, and attention to detail students need and some emerging markets such as the Russian Federation.
to master a challenging subject. It’s your Vehicle to Success in the
Intermediate Accounting course and beyond! Spiceland/Sepe/Nelson CONTENTS
provides a decision maker’s perspective to emphasize the profes-
sional judgment and critical thinking skills required of accountants About the Authors
today. Reviewers, instructors, and student users of Spiceland have Preface
enthusiastically embraced the relaxed, conversational writing style Part I Conceptual and Regulatory Framework
that engages students in an enjoyable and effective learning experi- 1 Financial Reporting and International Financial Reporting Standards
ence. In addition, accounting’s preeminent textbook website provides 2 Framework for International Financial Reporting
students a wide variety of electronic learning resources, including Part II Elements of Financial Statements--Assets
iPod content. Study Guide, Instructor’s Manual, Solutions Manual, 3 Property, Plant and Equipment
Testbank, and Website content are all created by authors, ensuring 4 Leases
seamless compatibility throughout the Spiceland learning package.
5 Investment Property
The end-of-chapter material is also written by the author team and
tested in their own classes before being included in Intermediate 6 Intangible Assets
Accounting. Few areas see the kind of rapid change that account- 7 Borrowing Costs
ing does, and the Spiceland team is committed to staying current. 8 Impairment of Assets
The sixth edition fully integrates all the latest FASB Standards, and 9 Inventories
the authors are committed to keeping you updated with all relevant 10 Construction Contracts
content changes throughout the edition. Part III Elements of Financial Statements--Liabilities, Equity,
Income and Expenses

32
Accounting

11 Revenue SCHAUM’S OUTLINE OF INTERMEDIATE


12 Employee Benefits
ACCOUNTING II
13 Income Taxes
14 Provisions and Contingencies 2nd Edition
Part IV Financial Instruments By Baruch Englard, College of Staten Island-City University of New York
15 Financial Instruments--Introduction 2009 (May 2009) / 336 pages
16 Financial Assets ISBN: 9780071611664
17 Financial Liabilities and Derecognition A Schaum Publication
18 Financial Instruments: Presentation and Disclosure
Millions of students trust Schaum’s Outlines to help them succeed in
Part V Presentation of Financial Statements and Related Topics the classroom and on exams. Schaum’s is the key to faster learning
19 Presentation of Financial Statements and higher grades in every subject. Each Outline presents all the es-
20 Accounting Policies, Changes in Accounting Estimates and Errors sential course information in an easy-to-follow, topic-by-topic format.
21 Events after the Reporting Period You also get hundreds of examples, solved problems, and practice
22 Non-current Assets Held for Sale and Discontinued Operations exercises to test your skills.
23 The Effects of Changes in Foreign Exchange Rates
24 Statement of Cash Flows Contents
Index Ch 1: Long-Term Liabilities
Ch 2: Stock Ownership
Ch 3: Stockholders’ Equity
Ch 4: Dilutive Securities & Earnings Per Share
Ch 5: Investments: Temporary & Long-Term
Ch 6: Revenue Recognition Issues
Intermediate Accounting Ch 7: Accounting for Leases
Ch 8: The Statement of Cash Flows
Supplements Ch 9: Accounting Changes and Correction of Errors
Ch 10: Accounting for Pensions
Ch 11: Net Operating Loss Carrybacks and Carry Forwards
Deferred Income T
Taxes Appendix: The Time Value of Money
Compound Interest Tables
SCHAUM’S OUTLINE OF INTERMEDIATE
ACCOUNTING I
Revised, 2nd Edition
By Baruch Englard, College of Staten Island, City University of New York
2011 (February 2011) / 368 pages
ISBN: 9780071756068
Cost Accounting/
A Schaum Publication Cost Management
In the thirteen years since the first edition of Schaum’s Outline of
Intermediate Accounting II was published, the Federal Accounting
Standards Board has implemented important new guidelines for
financial accounting which reflect the financial industry’s focus on
transparency and accountability in accounting practices. This second
edition of Schaum’s Outline of Intermediate Accounting II reflects
these changes, and closely follows the table of contents of McGraw- International edition
Hill’s bestselling Spiceland textbook.
FUNDAMENTALS OF COST ACCOUNTING
Contents 3rd Edition
Ch 1: Review of the Accounting Process By William N Lanen, University of Michigan-Ann Arbor, Shannon An-
derson, Rice University and Michael W Maher, University of California
Ch 2: The Income Statement and Retained Earnings Statement Davis
Ch 3: The Balance Sheet
2011 (January 2010) / 752 pages
EXAMINATION I
ISBN: 9780073527116
Ch 4: The Conceptual Framework of Accounting Theory
Ch 5: The Time Value of Money ISBN: 9780071220965 [IE]
Ch 6: Cash and Temporary Investments www.mhhe.com/lanen3e
EXAMINATION II
A direct, realistic, and efficient way to learn cost accounting. Funda-
Ch 7: Receivables
mentals is short (approximately 700 pages) making it easy to cover in
Ch 8: Inventories: General Topics one semester. The authors have kept the text concise by focusing on
Ch 9: Inventories: Additional Issues and Methods the key concepts students need to master. Opening vignettes and In
EXAMINATION III Action boxes show realistic applications of these concepts throughout.
Ch 10: Property, Plant, and Equipment All chapters end with a “Debrief” that links the topics in the chapter to
Ch 11: Depreciation and Depletion the decision problem faced by the manager in the opening vignette.
Ch 12: Intangible Assets Comprehensive end-of-chapter problems provide students with all
Ch 13: Current Liabilities the practice they need to fully learn each concept.
Ch 14: Long-Term Liabilities
Contents
Introduction and Overview
1 Cost Accounting: Information for Decision Making
2 Cost Concepts and Behavior
Cost Analysis and Estimation
3 Fundamentals of Cost-Volume-Profit Analysis

33
Accounting

4 Fundamentals of Cost Analysis for Decision Making Chapter 15: Operational Performance Measurement: Indirect Cost
5 Cost Estimation Variances and Resource-Capacity Planning
Cost Management Systems Chapter 16: Operational Performance Measurement: Further Analysis
6 Fundamentals of Product and Service Costing of Productivity and Sales Variances
7 Job Costing Chapter 17: The Management and Control of Quality, Six-Sigma,
8 Process Costing and Lean Accounting
9 Activity-Based Costing Part 4: Management-Level Control
10 Fundamentals of Cost Management Chapter 18: Strategic Performance Measurement: Cost Centers,
11 Service Department and Joint Cost Allocation Profit Centers, and the Balanced Scorecard (BSC)
Management Control Systems Chapter 19: Strategic Performance Measurement: Investment Centers
12 Fundamentals of Management Control Systems Chapter 20: Management Compensation, Business Analysis, and
13 Planning and Budgeting Business Valuation
14 Business Unit Performance Measurement
15 Transfer Pricing
16 Fundamentals of Variance Analysis
17 Additional Topics in Variance Analysis
18 Nonfinancial and Multiple Measures of Performance
Appendix: Capital Investment Decisions: an Overview International edition
COST MANAGEMENT
Strategies for Business Decisions, 4th Edition
By Ronald W Hilton, Cornell University-Ithaca, Michael W Maher,
University of California Davis and Frank Selto, University of Colorado-
International edition Boulder
COST MANAGEMENT 2008 (September 2007) / 960 pages
ISBN: 978 0071287999 [IE]
A Strategic Emphasis, 5th Edition
By Edward Blocher, University of NC-Chapel Hill, David Stout, Youngs- www.mhhe.com/hilton4e
town State University and Gary Cokins, Sas/Worldwide Strategy
Hilton/Maher/Selto (HMS) is for instructors who want to teach students
2010 (October 2009) / 928 pages to manage costs and not just account for costs. HMS maintains that,
ISBN: 9780073526942 “Costs don’t just happen,” and with a pro-active approach toward
ISBN: 9780071267489 [IE] costs, managers who understand cost implications as well as ac-
countants can add value to an organization. Hilton, Maher, Selto
www.mhhe.com/blocher5e focuses on having students learn to make decisions by the use of Cost
Cost Management: A Strategic Emphasis, by Blocher/Stout/Cokins is Management Challenges in the chapter opener, “You’re the Decision
the first cost accounting text to offer integrated coverage of strategic Maker” boxes throughout each chapter, and the “You’re the Decision
management topics in cost accounting. The text is written to help Maker” simulation on the text website.
students understand more about management and the role of cost
accounting in helping an organization succeed. This text aims to teach Contents
management concepts and methods, also to demonstrate how man- Part 1 Setting the Strategic Foundation: The Importance of Ana-
agers use cost management information to make better decisions and
lyzing and Managing Costs
improve their organization’s competitiveness. In teaching these key
management skills, the text takes on a strategic focus. It addresses 1.Cost Management and Strategic Decision Making Evaluating Op-
issues such as: How does a firm compete? What type of cost man- portunities and Leading Change
agement information is needed for a firm to succeed? How does the 2.Product Costing Systems: Concepts and Design Issues
management accountant develop and present this information? This 3.Cost Accumulation for Job-Shop and Batch Production Operations
text helps students learn why, when, and how cost information is used Part 2 Activity-Based Management
to make effective decisions that lead a firm to success. 4.Activity-Based Costing Systems
5.Activity-Based Management
Contents 6.Managing Customer Profitability
Part 1: Introduction to Strategy, Cost Management, and Cost 7.Managing Quality and Time to Create Value
Systems Part 3 Process Costing and Cost Allocation
Chapter 1: Cost Management and Strategy 8.Process-Costing Systems
Chapter 2: Implementing Strategy: The Value Chain, the Balanced 9.Joint-Process Costing
Scorecard, and the Strategy Map 10.Managing and Allocating Support-Service Costs
Chapter 3: Basic Cost-Management Concepts Part 4 Planning and Decision Making
Chapter 4: Job Costing 11.Cost Estimation
Chapter 5: Activity-Based Costing (ABC) and Customer Profitability 12.Financial and Cost-Volume-Profit Models
Analysis 13.Cost Management and Decision Making
Chapter 6: Process Costing 14.Strategic Issues in Making Long-Term Capital Investment Deci-
Chapter 7: Cost Allocation: Departments, Joint Products, and By- sions
Products 15.Budgeting and Financial Planning
Part 2: Planning and Decision-Making Part 5 Evaluating and Managing Performance Creating and
Chapter 8: Cost Estimation Managing Value-Added Effort
Chapter 9: Profit Planning: Cost-Volume-Profit (CVP) Analysis 16.Standard Costing, Variance Analysis, and Kaizen Costing
Chapter 10: Strategy and the Master Budget 17.Flexible Budgets, Overhead Cost Management, and Activity-
Chapter 11: Decision-Making with a Strategic Emphasis Based Budgeting
Chapter 12: Strategy and Long-Term Investment Analysis 18.Organizational Design, Responsibility Accounting, and Evaluation
Chapter 13: Cost Planning for the Product Life-Cycle: Target Costing, of Divisional Performance
Theory of Constraints (TOC), and Strategic Pricing 19.Transfer Pricing
Part 3: Operational-Level Control 20.Performance Measurement Systems
Chapter 14: Operational Performance Measurement: Sales, Direct- Glossary
Cost Variances, and the Role of Nonfinancial Performance Measures Photo Credits

34
Accounting

Bibliography
Company Name Index Cost Accounting
Subject Index
Supplements

International edition
COST ACCOUNTING SCHAUM’S OUTLINE OF COST
Principles and Applications, 7th Edition ACCOUNTING
By Horace R Brock, University of North Texas, Linda Herrington and La 3rd Edition
Vonda G Ramey of School Craft College By Ralph S Polimeni, Hofstra University
2007 (August 2006) / 704 pages 1994
ISBN: 9780071115605 [IE] ISBN: 9780070110267
www.mhhe.com/brock7e A Schaum Publication
Contents This powerful study guide includes all subjects found in the leading
Part 1 textbooks and parallels the full-year cost accounting courses most
schools offer. Also appropriate for solo study, this book makes the
Chapter 1 Monitoring Costs
complex concepts and techniques accessible through clear expla-
Chapter 2 Purchasing Materials nations and solved problems to provide a review and help students
Chapter 3 Storing and Issuing Materials master their skills.
Chapter 4 Controlling and Valuing Inventory
Chapter 5 Timekeeping and Payroll
Chapter 6 Charging Labor Costs into Production
Chapter 7 Departmentalizing Overhead Costs
Chapter 8 Setting Overhead Rates
Chapter 9 Applying Manufacturing Overhead
Chapter 10 Completing the Cost Cycle and Accounting for Lost
Materials
College Accounting
Part 2
Chapter 11 Process Cost System – Production Data and Cost Flow
Chapter 12 Average Costing of Work in Process
Chapter 13 Units Lost or Increased in Production
Chapter 14 First In, First Out (FIFO) Costing of Work in Process NEW *9780073396958*
Chapter 15 Accounting for By-Products and Joint Products
Part 3
Chapter 16 The Analysis of Cost Behavior
Chapter 17 Budgeting COLLEGE ACCOUNTING
Chapter 18 Standard Costs: Materials and Labor A Contemporary Approach,
Chapter 19 Manufacturing Overhead Standard Costs: Completing 2nd Edition
the Accounting Cycle for Standard Costs
Chapter 20 Cost-Volume-Profit Analysis By M David Haddock, Chattanooga State Tech,
Chapter 21 Analysis of Manufacturing Costs for Decision Making John Price, University of North Texas and
Chapter 22 Cost Accounting for Distribution Activities and Service Michael Farina, Cerritos College
Businesses
Chapter 23 Decision Making – Capital Investment Decisions
2012 (May 2011) / 528 pages
ISBN: 9780073396958
www.mhhe.com/haddock2e
The Haddock text features the successful author team Price et al. The
author team based A Contemporary Approach on the solid founda-
tion of the Price 12e textbook; however, in Haddock, the approach
has been modified to fit the needs of a growing number of College
Accounting instructors who teach the course without covering special
journals. These instructors feel that special journals are an unneces-
sarily complicated subject for such a basic course. By eliminating
special journal coverage, professors are free to focus on recording

Invitation to Publish
to the general journal and posting to the general ledger - the basic
bookkeeping functions that are so important to accountants in the real
world. Competing books have placed special journals in an appendix
McGraw-Hill is interested to review your (Slater) or tried to separate special journal coverage from general
journal coverage but retain both (McQuaig). Haddock is the only text
textbook proposals for publication.
on the market that eliminates special journal coverage completely (why
Please contact your local McGraw-Hill office or make students pay for material they will not learn in the course?). With
email to asiapub@mcgraw-hill.com. Haddock on the roster, instructor’s have a choice between a traditional
approach that fully integrates special journals into the text in a suc-
Visit McGraw-Hill Education (Asia) cinct and logical way (Price 12e) or a contemporary approach that
Website: http://www.mheducation.asia/publish/ focuses on the basics and is more in keeping with where the course
is headed in the future (Haddock 1e).

35
Accounting

Contents 24. The Statement of Cash Flows


1. Accounting: The Language of Business 25. Departmentalized Profit and Cost Centers
2. Analyzing Business Transactions 26. Accounting for Manufacturing Activities
3. Analyzing Business Transactions Using T Accounts 27. Job Order Cost Accounting
4. The General Journal and the General Ledger 28. Process Cost Accounting
5. Adjustments and the Worksheet 29. Controlling Manufacturing Costs: Standard Costs
6. Closing Entries and the Postclosing Trial Balance 30. Cost-Revenue Analysis for Decision Making
7. Accounting for Sales and Accounts Receivable, and Cash Receipts Appendix A: The Home Depot, Inc. Annual Report.
8. Accounting for Purchases, Accounts Payable, and Cash Payments Appendix B: Combined Journal
9. Cash
10. Payroll Computations, Records, and Payment
11. Payroll Taxes, Deposits, and Reports
12. Accruals, Deferrals, and the Worksheet
13. Financial Statements and Closing Procedures COLLEGE ACCOUNTING CHAPTER 1-14
Appendix A: The Home Depot 2009 Financial Statements for the year WITH ANNUAL REPORT
ended January 31, 2010 2nd Edition
By John J Wild, University of Wisconsin-Madison, Vernon Richard-
son, University of Arkansas-Fayetteville and Ken Shaw, University of
Missouri-Columbia
2011 (January 2010)
ISBN: 9780077346102
NEW *9780078025273* www.mhhe.com/wildCA2e
College Accounting by Wild, Richardson, and Shaw draws upon the
success of Wild’s Fundamental Accounting Principles text. Its inno-
COLLEGE ACCOUNTING vation is reflected in its extensive use of small business examples,
the integration of new computerized learning tools, superior end-of-
Chapters 1-30, 13th Edition chapter material, and a highly engaging, pedagogical design. Inclu-
sion of technology products such as Connect, Connect Plus, Excel
By John Ellis Price, University of North Texas, Templates, and QuickBooks Pro 2010 software provides students
M David Haddock, Chattanooga State Tech and with every possible advantage as they strive to understand the key
Michael Farina, Cerritos College concepts of accounting and their role in business.

CONTENTS
Chapter 1: Introduction to Accounting
2012 (May 2011) / 1136 pages Chapter 2: Accounting for Business Transactions
ISBN: 9780078025273 Chapter 3: Applying Double-Entry Accounting
ISBN: 9780077430627 (Chapters 1-13) Chapter 4: Preparing the General Journal and General Ledger
ISBN: 9780077430634 (Chapters 1-24) Chapter 5: Adjusting Accounts and Preparing Financial Statements
Chapter 6: Closing Process and Financial Statements
www.mhhe.com/price13e Chapter 7: Fraud, Ethics, and Controls
Overview: Price/Haddock/Farina has been a long-time market leader Chapter 8: Cash and Cash Controls
because of its readability and relevance. The book includes many Chapter 9: Employee Earnings, Deductions, and Payroll
real-world examples, high-interest problems and activities, in-text Chapter 10: Employer Payroll Tax Reporting
help and practice, and classroom-tested dynamic pedagogy. With Chapter 11: Merchandise Sales and Accounts Receivable
the addition of McGraw-Hill’s Connect Accounting, the new edition Chapter 12: Merchandise Purchases and Accounts Payable
includes more technology support than ever before.
Chapter 13: Merchandiser’s Purchases Adjustments and Trail Balance
Chapter 14: Merchandiser’s Financial Statements and the Closing
Contents
Process
1. Accounting: The Language of Business Appendix A: Financial Statements Information
2. Analyzing Business Transactions Appendix B: Accounting Principles
3. Analyzing Business Transactions Using T Accounts Appendix C via Web: Capital Budgeting and Investment Analysis
4. The General Journal and the General Ledger Appendix D via Web: Time Value of Money
5. Adjustments and the Worksheet
6. Closing Entries and the Postclosing Trial Balance
7. Accounting for Sales and Accounts Receivable
8. Accounting for Purchases and Accounts Payable
9. Cash Receipts, Cash Payments, and Banking Procedures
10. Payroll Computations, Records, and Payment
11. Payroll Taxes, Deposits, and Reports
12. Accruals, Deferrals, and the Worksheet
13. Financial Statements and Closing Procedures
14. Accounting Principles and Reporting Standards
15. Accounts Receivable and Uncollectible Accounts
16. Notes Payable and Notes Receivable
17. Merchandise Inventory
18. Property, Plant, and Equipment
19. Accounting for Partnerships
20. Corporations: Formation and Capital Stock Transactions
21. Corporate Earnings and Capital Transactions
22. Long-Term Bonds
23. Financial Statement Analysis

36
Accounting

COLLEGE ACCOUNTING CHAPTER 1-29


WITH ANNUAL REPORT
Accounting Information
2nd Edition Systems
By John J Wild, University of Wisconsin-Madison, Vernon Richard-
son, University of Arkansas-Fayetteville and Ken Shaw, University of
Missouri-Columbia
2011 (January 2010)
ISBN: 9780077346096 International edition
www.mhhe.com/wildCA2e
College Accounting by Wild, Richardson, and Shaw draws upon the NEW *9780078025334*
success of Wild’s Fundamental Accounting Principles text. Its inno-
vation is reflected in its extensive use of small business examples,
the integration of new computerized learning tools, superior end-of-
chapter material, and a highly engaging, pedagogical design. Inclu- ACCOUNTING INFORMATION
sion of technology products such as Connect, Connect Plus, Excel SYSTEMS
Templates, and QuickBooks Pro 2010 software provides students
with every possible advantage as they strive to understand the key
3rd Edition
concepts of accounting and their role in business.
By Robert Hurt, Californina State Poly Univer-
Contents sity-Pomona
Chapter 1: Introduction to Accounting
Chapter 2: Accounting for Business Transactions
Chapter 3: Applying Double-Entry Accounting 2013 (February 2012) / 448 pages
Chapter 4: Preparing the General Journal and General Ledger ISBN: 9780078025334
Chapter 5: Adjusting Accounts and Preparing Financial Statements ISBN: 9780071318426 [IE]
Chapter 6: Closing Process and Financial Statements www.mhhe.com/hurt3e
Chapter 7: Fraud, Ethics, and Controls
Chapter 8: Cash and Cash Controls (Details unavailable at press time)
Chapter 9: Employee Earnings, Deductions, and Payroll
Chapter 10: Employer Payroll Tax Reporting
Chapter 11: Merchandise Sales and Accounts Receivable
Chapter 12: Merchandise Purchases and Accounts Payable
Chapter 13: Merchandiser’s Purchases Adjustments and Trail Balance
International edition
Chapter 14: Merchandiser’s Financial Statements and the Closing ACCOUNTING INFORMATION SYSTEMS
Process
Chapter 15: Accounts Receivable and Uncollectibles
2nd Edition
Chapter 16: Notes Receivable and Notes Payable By Robert Hurt, Californina State Poly University-Pomona
Chapter 17: Inventories and Cost of Sales 2010 (November 2009) / 448 pages
Chapter 18: Plant Assets, Natural Resources, and Intangibles ISBN: 9780078111051
Chapter 19: Accounting for Partnerships ISBN: 9780071220521 [IE]
Chapter 20: Corporate Formation and Stock Transactions www.mhhe.com/hurt2e
Chapter 21: Corporate Earnings, Taxes, and Distributions
Chapter 22: Long-Term Bonds Hurt’s Accounting Information Systems, 2e continues to take a fresh
Chapter 23: Cash Flow Reporting new approach that puts judgment and critical thinking, not technology,
at the heart of the AIS course. Using a conversational writing style
Chapter 24: Financial Statement Analysis
appealing to students, this book presents AIS as an art as much as a
Chapter 25: Managerial Accounting Concepts and Principles science. AIS is presented as a set of fundamental ideas and concepts
Chapter 26: Departmental and Responsibility Accounting that can be applied in various organizational contexts. Students are
Chapter 27: Job Order Cost Accounting provided with vocabulary they will need to succeed in the profes-
Chapter 28: Budgets and Standard Costing sion and ensuring that they can communicate clearly and effectively
Chapter 29: Relevant Costing for Managerial Decisions about accounting information systems with both accountants and
Appendix A: Financial Statements Information nonaccountants. The text end-of-chapter exercises and assessment
Appendix B: Accounting Principles tools are all competency-based, distilling knowledge to its essential
Appendix C*: Capital Budgeting and Investment Decisions elements and then encouraging students to use those essential ele-
ments to think for themselves.
Appendix D*: Time Value of Money
* Appendixes C and D are available on the book’s Website, mhhe.
Contents
com/wildCA, and as print copy from a McGraw-Hill representative
Part One Introduction and Basic Concepts
1 Role and Purpose of Accounting Information Systems
2 Transaction Processing in the AIS
3 Professionalism and Ethics
4 Internal Controls
Part Two Documentation Techniques
5 Flowcharting
6 Data Flow Diagramming
7 REAL Modeling
Part Three Systems Analysis and Information Technology
8 Information Systems Concepts
9 XBRL
10 E-business and Enterprise Resource Planning Systems
Part Four Business Processes
11 Sales/Collection Process

37
Accounting

12 Acquisition/Payment Process Enterprise Ontology


13 Other Business Processes Chapter 3: The REA Enterprise Ontology: Value System and Value
14 Business Process Management Chain Modeling
Part Five Other Topics in Accounting Information Systems Chapter 4: The REA Enterprise Ontology: Business Process Modeling
15 Computer Crime and Information Technology Security Chapter 5: Task Level Modeling
16 Decision-Making Models and Knowledge Management Chapter 6: Relational Database Design: Converting Conceptual REA
17 Professional Certifications and Career Planning Models to Relational Databases
18 Auditing and Evaluating the AIS Chapter 7: Information Retrieval from Relational Databases
Glossary Chapter 8: The Sales/Collection Business Process
Comprehensive Chapter References Chapter 9: The Acquisition/Payment Business Process
Index Chapter 10: View Integration and Implementation Compromises
View Integration
Chapter 11: The Conversion Business Process
Chapter 12: The Human Resource Business Process
Chapter 13: The Financing Business Process
ACCOUNTING INFORMATION AND Chapter 14: Introduction to Enterprise System Risks and Controls
REPORTING SYSTEMS Chapter 15: ERP Systems and E-Commerce: Intra- and Inter-
By Al Aseervatham, Moreton Institute of TAFE in Queensland Enterprise Modeling
2009
ISBN: 9780070286733
McGraw-Hill Australia Title
www.mhhe.com/au/aseervatham
The only Australian book on accounting information systems. This Advanced Accounting
innovative new text follows a logical progression from basic principles
and builds on the knowledge acquired in each chapter. A running
case study throughout the book offers a practical application of the
theory that is developed in each chapter. With learning objectives,
key terms, practical and numerical examples, summaries, self-test
problems and review exercises this text provides all the teaching and International edition
learning tools students require.

Contents NEW *9780078025402*


Chapter 1 Information systems
Chapter 2 Business activities and transaction processing
Chapter 3 Documentation techniques and databases ADVANCED ACCOUNTING
Chapter 4 Project management tools 11th Edition
Chapter 5 System requirements
Chapter 6 Accounting information systems and security By Joe Ben Hoyle, University of Richmond,
Chapter 7 Accounting statutory obligations Thomas Schaefer, University of Notre Dame and
Chapter 8 Testing and documenting systems Timothy Doupnik, University of South Carolina
Chapter 9 The implementation of systems and records
Chapter 10 Monitoring reporting systems and reviewing reporting
procedures
Chapter 11 Accounting transaction titles 2013 (February 2012) / 928 pages
Chapter 12 The revenue cycle ISBN: 9780078025402
Chapter 13 The expenditure cycle ISBN: 9780071318211 [IE]
Chapter 14 The payroll cycle
Chapter 15 The conversion cycle www.mhhe.com/hoyle11e
Chapter 16 The financial cycle (Details unavailable at press time)
Solutions
Index

International edition
ENTERPRISE INFORMATION SYSTEMS
A Pattern-Based Approach, 3rd Edition
By Cheryl Dunn, Florida State University—Tallahassee, J. Owen Cher- REVIEW COPY
rington, Brigham Young Univeristy—Provo and Anita Sawyer Hollander,
University of Tennessee—Knoxville, Anita Hollander, University of Tulsa, (Available for course adoption only)
Eric Denna and Jay Owen Cherrington, and Brigham Young University To request for a review copy,
- Provo
ƒƒ contact your local McGraw-Hill
2005 / 544 pages representatives or,
ISBN: 9780071253192 [IE] ƒƒ fax the Review Copy Request Form found
CONTENTS in this catalog or,
ƒƒ e-mail your request to
Chapter 1: An Introduction to Integrated Enterprise Information mghasia_sg@mcgraw-hill.com or,
Systems ƒƒ submit online at www.mheducation.asia
Chapter 2: Representation and Patterns: An Introduction to the REA

38
Accounting

NEW TO THIS EDITION


International edition
™™ McGraw-Hill Connect Accounting and Connect Plus Accounting:
This edition will include Connect and Connect Plus to be available
NEW *9780078025396* for fall 2011.
™™ Introductory Vignettes—Each chapter begins with a brief story of
a well-known company to illustrate why topics covered in that chapter
FUNDAMENTALS OF are relevant in current practice.
ADVANCED ACCOUNTING
™™ New FASB Codification—All authoritative citations to U.S. GAAP
5th Edition
include secondary citations to the new FASB codification. We maintain
the authoritative citations during this period of transition. The next
By Joe Ben Hoyle, University of Richmond,
Thomas Schaefer, University of Notre Dame and edition will transition completely to the FASB codification.
Timothy Doupnik, University of South Carolina ™™ IFRS Comparisons—As the FASB and IASB work toward con-
vergence to a single set of global accounting standards, the SEC is
debating the wholesale introduction of international financial reporting
2013 (March 2012) / 640 pages standards (IFRS). Given the SEC’s February 2010 work plan, stu-
ISBN: 9780078025396 dents need to prepare for the imminent transition to IFRS. The text
ISBN: 9780071318259 [IE] summarizes key differences between current U.S. GAAP and IFRS
to make students aware of changes that will likely occur if the SEC
www.mhhe.com/hoyle5e
adopts IFRS in the near future.
(Details unavailable at press time)
™™ A Building-Block Approach to Consolidation—Virtually all ad-
vanced financial accounting classes cover consolidation at least to
some extent. While this topic is perhaps the most important to instruc-
tors, students frequently struggle to gain a firm grasp of consolidation
principles. The text introduces consolidation concepts and procedures
more gradually by beginning the discussion earlier in chapters 2 and 3.
International edition
™™ Reorganization of Consolidation Elimination Entries—Consistent
with the building block approach to consolidation, the text organizes
NEW *9780078025648* the elimination entries used in consolidation to facilitate the elimina-
tion of the investment in a subsidiary in two steps: (1) first the book
value portion of the investment and income from the subsidiary are
ESSENTIALS OF ADVANCED eliminated and (2) then the differential portion of the investment and
FINANCIAL ACCOUNTING income from subsidiary are eliminated with separate entries. This
approach facilitates the building-block approach in chapters 2-5. The
text also uses frequent illustrations to help students visualize the steps
By Richard E Baker, Northern Illinois University,
Theodore Christensen and David Cottrell of in the elimination process.
Brigham Young University-Provo
™™ Presentation of Intercompany Transactions— Intercompany
inventory transfers are presented before fixed-asset transfers. Inven-
tory transfers are (1) far more common than fixed-asset transfers
and (2) easier for students to understand. The fully adjusted equity
2012 (February 2011) / 864 pages method is presented in Chapters 6 and 7. This method links back to
ISBN: 9780078025648 the building-block approach in Chapters 2–5.
ISBN: 9780071325998 [IE]
™™ Instructor Resources—The authors have developed a set of
www.mhhe.com/baker2012 PowerPoint slides designed to do much more than simply summa-
Essentials of Advanced Financial Accounting is an up-to-date and rize the topics in each chapter. They illustrate key concepts but also
highly illustrated presentation of the accounting and reporting princi- include group exercises and practice quiz questions to give students
ples and procedures used in a variety of business entities. The book hands-on practice in class to better prepare them for future homework
is ideal for instructors who have only a single term or semester to and assessment experiences. Instructors benefit from proven interac-
teach the core elements of the advanced accounting material that tive class discussions and exercises fully annotated by the authors.
is most frequently represented on the CPA exam; this text contains
the essential information on consolidations, multinational entities, ™™ Advanced Study Guide—The book introduces the most cutting
partnerships, and governmental and not-for-profit entities. Most edge technology supplement ever delivered in the advanced account-
one-term courses are unable to cover all the topics included in a ing market. AdvancedStudyGuide.com is a product created exclusively
traditional comprehensive advanced accounting text. In recognition by the authors of the text which represents a new generation in study
of time constraints, this text is structured to provide the most efficient resources available to students as well as a new direction and options
use of the time available, while maintaining all the learning support in the resources Instructors can use to help their students and elevate
and ancillary materials that cover these essential topics. For students
their classroom experiences
and instructors who would like to cover a wider set of topics, we invite
you to examine our comprehensive text, Advanced Accounting, which CONTENTS
is now in its ninth edition. The text is highly illustrated with complete
presentations of worksheets, schedules, and financial statements so 1 Intercorporate Acquisitions and Investments in Other Entities
that students can see the development of each topic. Inclusion of all 2 Reporting Intercorporate Investments and Consolidation of Wholly
recent FASB and GASB pronouncements and the continuing delibera- Owned Subsidiaries with No Differential
tions of the authoritative bodies provide a current and contemporary 3 The Reporting Entity and Consolidation of Less-than-Wholly-Owned
text for students preparing for the CPA Examination and current Subsidiaries with No Differential
practice. The book’s building block approach introduces concepts with 4 Consolidation of Wholly Owned Subsidiaries Acquired at More
simple examples and then gradually introduces complexity, allowing
than Book Value
students to easily keep pace with the material.
5 Consolidation of Less-than-Wholly-Owned Subsidiaries Acquired
at More than Book Value

39
Accounting

6 Intercompany Inventory Transactions Chapter 18: Governmental Entities: Special Funds and Government-
7 Intercompany Transfers of Services and Noncurrent Assets wide Financial Statements
8 Multinational Accounting: Foreign Currency Transactions and Chapter 19: Not-for-Profit Entities
Financial Instruments Chapter 20: Corporations in Financial Difficulty
9 Multinational Accounting: Issues in Financial Reporting and Transla-
tion of Foreign Entity Statements
10 Partnerships: Formation, Operation, and Changes in Membership
11 Partnerships: Liquidation
12 Governmental Entities: Introduction and General Fund Accounting International edition
13 Governmental Entities: Special Funds and Government-wide
Financial Statements ADVANCED ACCOUNTING
10th Edition
By Joe Ben Hoyle, University of Richmond, Thomas Schaefer, University
of Notre Dame and Timothy Doupnik, University of South Carolina
2011 (March 2010) / 928 pages
International edition ISBN: 9780078136627
ISBN: 9780071327091 [IE]
ADVANCED FINANCIAL ACCOUNTING
9th Edition www.mhhe.com/hoyle10e
By Richard E Baker, Northern Illinois University, Valdean C Lembke, The approach used by Hoyle, Schaefer, and Doupnik in the new edi-
University of Iowa, Thomas E King, Southern Illinois University and tion allows students to think critically about accounting, just as they
Cynthia Jeffrey, Iowa State University will do while preparing for the CPA exam and in their future careers.
2011 (December 2010) / 1120 pages With this text, students gain a well-balanced appreciation of the
ISBN: 9780078110924 Accounting profession. As Hoyle 10e introduces them to the field’s
ISBN: 9780071289108 [IE] many aspects, it often focuses on past controversies and present
resolutions. The text continues to show the development of financial
www.mhhe.com/baker9e reporting as a product of intense and considered debate that continues
today and into the future. The writing style of the nine previous edi-
The Ninth Edition of Advanced Financial Accounting is an up-to-date, tions has been highly praised. Students easily comprehend chapter
comprehensive, and highly illustrated presentation of the accounting concepts because of the conversational tone used throughout the
and reporting principles and procedures used in a variety of business book. The authors have made every effort to ensure that the writing
entities. This edition continues to provide strong coverage of advanced style remains engaging, lively, and consistent which has made this
accounting topics, with clarity of presentation and integrated coverage text the market leading text in the Advanced Accounting market. The
based on continuous case examples. The text is highly illustrated Tenth Edition includes an increase integration of IFRS as well as the
with complete presentations of worksheets, schedules, and financial updated accounting standards.
statements so that students can see the development of each topic.
Inclusion of all recent FASB and GASB pronouncements and the
continuing deliberations of the authoritative bodies provide a current CONTENTS
and contemporary text for students preparing for the CPA Examina- 1 The Equity Method of Accounting for Investments
tion and current practice. This has become especially important given 2 Consolidation of Financial Information
the recent rapid pace of the authoritative bodies in dealing with major 3 Consolidations: Subsequent to the Date of the Acquisition
issues having far-reaching The book’s building block approach intro- 4 Consolidated Financial Statements and Outside Ownership
duces concepts with simple examples and then gradually introduces
5 Consolidated Financial Statements: Intercompany Asset Transac-
complexity, allowing students to easily keep pace with the material.
The key strengths of this text are the clear and readable discussions tions
of concepts and the detailed demonstrations of concepts through il- 6 Variable Interest Entities, Intercompany Debt, Consolidated Cash
lustrations and explanations. The many favorable responses to prior Flows, and Other Issues
editions from both students and instructors confirm our belief that 7 Consolidated Financial Statements: Ownership Patterns and
clear presentation and comprehensive illustrations are essential to Income Taxes
learning the sophisticated topics in an advanced accounting course. 8 Segment and Interim Reporting
9 Foreign Currency Transactions and Hedging Foreign Exchange Risk
Contents 10 Translation of Foreign Currency Financial Statements
Chapter 1: Intercorporate Acquisitions and Investments in Other 11 Worldwide Accounting Diversity and International Standards
Entities 12 Financial Reporting and the Securities and Exchange Commission
Chapter 2: Reporting Intercorporate Interests 13 Accounting for Legal Reorganizations and Liquidations
Chapter 3: The Reporting Entity and Consolidated Financial State- 14 Partnerships: Formation and Operations
ments 15 Partnerships: Termination and Liquidation
Chapter 4: Consolidation of Wholly Owned Subsidiaries 16 Accounting for State and Local Governments (Part I)
Chapter 5: Consolidation of Less-Than-Wholly-Owen Subsidiaries 17 Accounting for State and Local Governments (Part II)
Chapter 6: Intercompany Transfers Noncurrent Assets 18 Accounting and Reporting for Private Not-for-Profit Organizations
Chapter 7: Intercompany Inventory Transactions 19 Accounting for Estates and Trusts
Chapter 8: Intercompany Indebtedness
Chapter 9: Consolidation Ownership Issues
Chapter 10: Additional Consolidation Reporting Issues
Chapter 11: Multinational Accounting: Foreign Currency Transactions
and Financial Instruments
Chapter 12: Multinational Accounting: Translation of Foreign Entity
Statements
Chapter 13: Segment and Interim Reporting
Chapter 14: SEC Reporting
Chapter 15: Partnerships: Formation, Operation, and Changes in
Membership
Chapter 16: Partnerships: Liquidation
Chapter 17: Governmental Entities: Introduction and General Fund
Accounting

40
Accounting

FUNDAMENTALS OF ADVANCED inclusion of the sections on Joint Ventures in Chapters 6 and 7. This
book is written based on many years of teaching, research and practi-
ACCOUNTING cal experience. It adopts a professional approach and is presented
4th Edition in a step-by-step, easy-to-understand style. It contains more than 80
By Joe Ben Hoyle, University of Richmond, Thomas Schaefer, University illustrative examples and numerous problems for self-study.
of Notre Dame and Timothy Doupnik, University of South Carolina
2011 (April 2010) / 640 pages Topics Covered
ISBN: 9780078136634 ƒƒ Consolidated balance sheets (also referred to as consolidated
www.mhhe.com/hoyle4e statements of financial position), consolidated statement of com-
prehensive income, consolidated statement of changes in equity
Fundamentals of Advanced Accounting, 4/e is ideal for those schools
and consolidated statement of cash flows
wanting to cover 12 chapters in their advanced accounting course.
This brief yet concise text allows students to think critically about ac- ƒƒ Changes in shareholding interests
counting, just as they will do preparing for the CPA exam. With this ƒƒ Complex group structure
text, students gain a well-balanced appreciation of the Accounting ƒƒ Investment in associates
profession. The text continues to show the development of financial ƒƒ Investment in joint ventures
reporting as a product of intense and considered debate that con- ƒƒ Foreign subsidiaries, associates and joint ventures
tinues today and into the future as it originates from Hoyle’s big text ƒƒ Consolidation theory
Advanced Accounting. The writing style of the three previous editions ƒƒ Merger accounting
has been highly praised. Students easily comprehend chapter con-
cepts because of the conversational tone used throughout the book. CONTENTS
The authors have made every effort to ensure that the writing style Preface to the Second Edition
remains engaging, lively, and consistent which has made Hoyle the Preface to the First Edition
market leading franchise in the Advanced Accounting market. The
About the Author
Fourth Edition includes an increase integration of IFRS as well as
the updated accounting standards. Table of Statutes, Accounting Institutions and Accounting Standards
Chapter 1 Introduction
CONTENTS 1.1 What Are Consolidated Financial Statements?
1.2 Who Has to Present Consolidated Financial Statements?
1 The Equity Method of Accounting for Investments
1.3 Consolidation Procedures
2 Consolidation of Financial Information
1.4 Usefulness and Limitations of Consolidated Financial Statements
3 Consolidations: Subsequent to the Date of the Acquisition
1.5 Approaches Adopted in This Book
4 Consolidated Financial Statements and Outside Ownership
Chapter 2 Consolidation at the Date of Acquisition
5 Consolidated Financial Statements: Intercompany Asset Transac-
2.1 Introduction
tions
2.2 Combination of Accounts
6 Variable Interest Entities, Intercompany Debt, Consolidated Cash
2.3 Fair Value Adjustments
Flows, and Other Issues
2.4 Goodwill on Consolidation
7 Foreign Currency Transactions and Hedging Foreign Exchange Risk
2.5 Non-controlling Interest
8 Translation of Foreign Currency Financial Statements
2.6 Summary
9 Partnerships: Formation and Operations
Problems for Self-study 46
10 Partnerships: Termination and Liquidation
Chapter 3 Consolidation Subsequent to the Date of Acquisition
11 Accounting for State and Local Governments (Part I)
3.1 Introduction
12 Accounting for State and Local Governments (Part II)
3.2 Consolidated Statement of Comprehensive Income 5
3.3 Pre-acquisition and Post-acquisition Reserves
3.4 Intragroup Account Balances
3.5 Unrealized Intragroup Profits and Losses
3.6 Intragroup Dividend
3.7 Other Consolidation Adjustments
NEW *9780071312912* 3.8 New Rules for Non-Controlling Interest
3.9 Summary
Problems for Self-study
Chapter 4 Changes in Shareholding Interest and Other Specific
CONSOLIDATED FINANCIAL Issues
STATEMENTS 4.1 Introduction
2nd Edition 4.2 Changes in Shareholding Interest
4.3 Other Specific Issues
By Ng Eng Juan 4.4 Summary
Problems for Self-study
Chapter 5 Complex Group Structure
5.1 Introduction
5.2 Father-son-grandson Structure
2011 (August 2010) / 592 pages
5.3 Connecting Affiliation Structure
ISBN: 9780071312912
5.4 Cross Holdings
An Asian Publication 5.5 Summary
Consolidated Financial Statements (Singapore) is a comprehensive Problems for Self-study
guide to the preparation of consolidated financial statements in Sin- Chapter 6 Associates and Joint Ventures
gapore. It discusses consolidated financial statements in the context 6.1 Introduction
of the Singapore statutes and the Financial Reporting Standards 6.2 Associate: Definition
(FRS) issued by the Accounting Standards Council that are effec- 6.3 Equity Accounting: Basic Principles
tive as at 1 July 2009. In this second edition, the book has been 6.4 Difference between Cost and Underlying Net Assets
updated for the new requirements of two new FRS, namely FRS 27
6.5 Transactions between Parent and Associate
(2009) Consolidated and Separate Financial Statements and FRS
103 (2009) Business Combinations. The chapter arrangement in this 6.6 Impairment Loss
second edition is the same as that in the first edition, except for the 6.7 Changes in Shareholding Interest

41
Accounting

6.8 Indirect Shareholding ƒƒ Competencies Focuses on the requirements of accounting stand-


6.9 Joint Ventures ards within the IAS and IFRS reporting framework and provides
6.10 Summary in-depth coverage of how to apply them to complex settings.
Problems for Self-study ™™ Rigorous and comprehensive illustrations, explanations and
Chapter 7 Foreign Subsidiaries, Associates and Joint Ventures problem sets aimed at achieving high standards of professional
7.1 Introduction competencies demanded by accountancy bodies worldwide.
7.2 Translation Process
7.3 Foreign Subsidiary ™™ Analytical checks to allow for self-auditing of answers.
7.4 Foreign Associate
7.5 Foreign Joint Ventures Contents
7.6 Summary 1 Economic Perspectives of Risk Reporting
Problems for Self-study 2 Group Reporting I: Concepts and Context
Chapter 8 Consolidated Statement of Cash Flows 3 Group Reporting II: Application of the Purchase Method under
8.1 Introduction IFRS 3
8.2 Non-controlling interest 4 Group Reporting III: Consolidation under IAS 27
8.3 Associates 5 Group Reporting IV: Equity Accounting under IAS 28
8.4 Acquisition of Subsidiary 6 Group Reporting V: Special Issues
8.5 Disposal of Subsidiary 7 Accounting for the Effect of Changes in Foreign Exchange Rates
8.6 Foreign Subsidiary and Associate 8 Financial Instruments: Classification, Recognition and Measurement
8.7 A Comprehensive Illustration 9 Accounting for Derivatives and Hedging
8.8 Summary 10 Accounting for Taxes on Income
Appendix 8A: Statement of Cash Flows 11 Earnings per Share
Problems for Self-study 12 Share-based Payment
Chapter 9 Consolidated Statement of Changes in Equity
9.1 Introduction
9.2 Requirements of FRS 1
9.3 Consolidation Issues
9.4 Summary International edition
Problems for Self-study
Chapter 10 Further Issues MODERN ADVANCED ACCOUNTING
10.1 Introduction 10th Edition
10.2 Consolidation Theories By E. John Larsen, University of Southern California
10.3 Pooling of Interests (Merger) Method 2006 / 880 pages
10.4 Summary ISBN: 9780073211596 (with OLC with Premium Content Card)
Index ISBN: 9780071244596 [IE with OLC and Premium Card]
www.mhhe.com/larsen10e
CONTENTS
Chapter One. Ethical Issues in Advanced Accounting
ADVANCED FINANCIAL ACCOUNTING Chapter Two. Partnerships: Organization and Operation
Updated Edition Chapter Three. Partnership Liquidation and Incorporation; Joint
By Pearl Tan and Peter Lee Ventures
2009 (March 2009) / 672 pages Chapter Four. Accounting for Branches; Combined Financial State-
ISBN: 9780071269339 ments
An Asian Publication Chapter Five. Business Combinations
Chapter Six. Consolidated Financial Statements: On Date of Busi-
This book covers advanced level topics in financial reporting within the
ness Combination
International Accounting Standards (IAS) and International Financial
Reporting Standards (IFRS) reporting framework. While the book is Chapter Seven. Consolidated Financial Statements: Subsequent to
aimed at advanced level accounting degree students in tertiary institu- Date of Business Combination
tions, it is a useful primer for practitioners who wish to reinforce their Chapter Eight. Consolidated Financial Statements: Intercompany
knowledge of rapidly changing accounting standards. (Note: There Transactions
is a new section on permissible reclassification of financial assets. Chapter Nine. Consolidated Financial Statements: Income Taxes,
In the wake of the global financial crisis, the IASB in October 2008 Cash Flows, and Installment Acquisitions
permitted limited reclassifications from fair value through profit or loss Chapter Ten. Consolidated Financial Statements: Special Programs
to align IAS 39 with US GAAP). Chapter Eleven. International Accounting Standards; Accounting for
Foreign Currency Transactions
Features
Chapter Twelve. Translation of Foreign Currency Financial Statements
™™ Inclusion of the most recent amendments to existing standards Chapter Thirteen. Reporting for Components; Interim Reports; Re-
including the revised IFRS 3 (2008) and revised IAS 27 (2008). porting for SEC
Chapter Fourteen. Bankruptcy: Liquidation and Reorganization
™™ Coverage of complex topics: business combinations, consolida- Chapter Fifteen. Estates and Trusts
tion, equity accounting, translation of foreign transactions and foreign Chapter Sixteen. Nonprofit Organizations
operations, financial instruments, share-based payments, earnings Chapter Seventeen. Governmental Entities: General Fund
per share, deferred taxation and risk reporting disclosures. Chapter Eighteen. Governmental Entities: Other Governmental Funds
™™ Application of the three “Cs” of sound accounting pedagogy: and Account Groups
Chapter Nineteen. Governmental Entities: Proprietary Funds, Fiduci-
ƒƒ Concepts Principles-based to enhance students’ conceptual un-
ary Funds, and Comprehensive Annual Financial Report
derstanding of the underlying rationale of accounting requirements.
ƒƒ Context Emphasizes the importance of understanding the eco-
nomics of and motivations for the specific transactions that are
the subject of accounting rules.

42
Accounting

The authors believe students are best served by acquiring a strong


understanding of the basic concepts that underlie the audit process
International edition and how to apply those concepts to various audit and assurance
services. The primary purpose for an auditing text is not to serve as
ACCOUNTING FOR DERIVATIVES AND a reference manual but to facilitate student learning, and this text
HEDGING is written accordingly. The text is accessible to students through
straightforward writing and the use of engaging, relevant real-world
By Mark Trombley, University of Arizona examples, illustrations, and analogies. The text explicitly encourages
2003 / 240 pages students to think through fundamental concepts and to avoid trying
ISBN: 9780072440447 to learn auditing through rote memorization. Students are prompted
ISBN: 9780071199209 [IE] by the text to “stop and think,” at important points in the text, in order
to help them apply the principles covered. The text continues to
www.mhhe.com/trombley take a systematic approach to the audit process by first introducing
the three underlying concepts: audit risk, materiality, and evidence.
CONTENTS
This is followed by a discussion of audit planning, the assessment
1. Introduction to Hedging. of control risk, and a discussion of the nature, timing, and extent of
2. Accounting for Derivatives and Hedging. evidence necessary to reach the appropriate level of detection risk.
3. Interest Rate Swaps. These concepts are then applied to each major business process and
4. Interest Rate Futures and Options. related account balances using a risk-based approach. In covering
5. Foreign Currency Derivatives and Hedging. these important concepts and their applications, the book focuses
on critical judgments and decision-making processes followed by
6. Additional Topics.
auditors. Much of auditing practice involves the application of auditor
judgment. If a student understands these basic concepts and how to
apply them to an audit engagement, he or she will be more effective
in today’s dynamic audit environment.

Contents
Auditing Part 1 Introduction to Assurance and Financial Statement Au-
diting
Chapter 1 An Introduction to Assurance and Financial Statement
Auditing
Chapter 2 The Financial Statement Auditing Environment
International edition Part 2 Audit Planning and Basic Auditing Concepts
Chapter 3 Audit Planning, Types of Audit Tests, and Materiality
Chapter 4 Risk Assessment
NEW *9780078025440* Chapter 5 Evidence and Documentation
Part 3 Understanding and Auditing Internal Control
Chapter 6 Internal Control in a Financial Statement Audit
AUDITING & ASSURANCE Chapter 7 Auditing Internal Control over Financial Reporting
Part 4 Statistical and Nonstatistical Sampling Tools for Auditing
SERVICES Chapter 8 Audit Sampling: An Overview and Application to Tests of
5th Edition Controls
By Timothy J Louwers, James Madison Univer- Chapter 9 Audit Sampling: An Application to Substantive Tests of
sity, Robert J Ramsay, University of Kentucky- Account Balances
Lexington, David Sinason, Northern Illinois
University and Jerry R Strawser, Texas A&M Part 5 Auditing Business Processes
University-College Station Chapter 10 Auditing the Revenue Process
Chapter 11 Auditing the Purchasing Process
2013 (January 2012) / 896 pages Chapter 12 Auditing the Human Resource Management Process
ISBN: 9780078025440 Chapter 13 Auditing the Inventory Management Process
ISBN: 9780071318143 [IE] Chapter 14 Auditing the Financing/Investing Process: Prepaid Ex-
penses, Intangible Assets, and Property, Plant, and Equipment
(Details unavailable at press time) Chapter 15 Auditing the Financing/Investing Process: Long-Term
Liabilities, Stockholders’ Equity, and Income Statement Accounts
Chapter 16 Auditing the Financing/Investing Process: Cash and
Investments
Part 6 Completing the Audit and Reporting Responsiblities
NEW *9780077520151* Chapter 17 Completing the Audit Engagement
Chapter 18 Reports on Audited Financial Statements
Part 7 Professional Responsibilities
AUDITING & ASSURANCE Chapter 19 Professsional Conduct, Independence, and Quality Control
Chapter 20 Legal Liability
SERVICES Part 8 Assurance, Attestation, and Internal Auditing Services
8th Edition Chapter 21 Assurance, Attestation, amd Internal Auditing Services
By William F Messier, Georgia State University Professional Judgement Module (avaliable online on the text website
and Steven M Glover, Douglas F Prawitt of www.mhhe.com/messier8e)
Brigham Young University-Provo
Index

2012 (September 2011)


ISBN: 9780077520151 (with ACL Software CD)
www.mhhe.com/messier8e

43
Accounting

Most chapters begin with an overview to set the stage. All chapters
International edition end with a takeaway summary of key points. Stuart’s writing style is
conversational and easy to read.
NEW *9780073404004* ™™ Exhibits

Many exhibits are highlighted throughout the text to call attention to


key points.
AUDITING AND ASSURANCE
SERVICES Contents
An Applied Approach Chapter 1 What Is Auditing?
Chapter 2 The Audit Planning Process: Understanding the Risk of
By Iris Stuart, California State University-- Material Misstatement
Fullerton Chapter 3 Internal Controls
Appendix A: Information Systems Auditing
Chapter 4 Auditing the Revenue Business Process
Appendix A: BCS Private Ltd.
2012 (February 2011) / 464 pages Appendix B: BCS Private Ltd.
ISBN: 9780073404004 Chapter 5 Audit Evidence and the Auditor’s Responsibility for Fraud
ISBN: 9780071317160 [IE] Detection
Chapter 6 Auditing the Acquisition and Expenditure Business Process
www.mhhe.com/stuart1e Chapter 7 Auditing the Inventory Business Process
Stuart’s Auditing and Assurance Services: An Applied Approach is a Chapter 8 Audit Sampling: Tests of Internal Controls
concise, easy-to-read auditing text that trains students of today for the Chapter 9 Audit Sampling: Substantive Tests of Details
business world that they will face tomorrow. Using a fresh approach Chapter 10 Cash and Investment Business Processes
that introduces auditing application prior to auditing theory, students Chapter 11 Long-Term Debt and Owner’s Equity Business Process
will encounter auditing in practice first, become more engaged in Chapter 12 Completing the Audit
the subject matter, and consequently feel more readily prepared to
Chapter 13 Audit Reports
understand the more challenging theoretical concepts. Stuart further
engages students by highlighting real-world accounting scandals and Chapter 14 The Auditing Profession
by including the most up-to-date standards, including international GLOSSARY
coverage.

Features
™™ Unique Topical Organization
International edition
Most auditing books are organized with the first half covering theory
and the second half covering how to audit an accounting cycle.
Stuart, however, introduces the applications of auditing before the
theoretical details and, in doing so, this text helps to retain student
NEW *9780077486273*
interest, understanding, and motivation in a traditionally dry and dif-
ficult subject area.
PRINCIPLES OF AUDITING
™™ Non-Traditional Treatment of Sampling Chapters
AND OTHER ASSURANCE
The concepts of sampling, sampling and non-sampling risk, and SERVICES
statistical and non-statistical sampling have been retained, but the 18th Edition
sampling plans for internal control testing and substantive testing have
been written to expose students to sampling issues that they actually
will face in an audit. To further enhance this element, standardized By Ray Whittington, DePaul University/McGow-
worksheets and written examples collaborated on with the “Big Four” an Center, Kurt Pany, Arizona State University-
Tempe
CPA firms have been utilized to give students the most accurate real-
world experiences possible.
2012 (March 2011) / 864 pages
™™ High Quality End-of-Chapter Assignment Material ISBN: 9780077486273 (with ACL Software CD)
ISBN: 9780071317139 [IE with ACL Software CD]
The end-of-chapter assignment material includes Review Questions,
Multiple Choice Questions from CPA Examinations, Discussion www.mhhe.com/whittington18e
Questions and Research Problems, Real-World Auditing Problems,
and Internet Assignments, all tied to the respective chapter’s key Whittington/Pany is our market leader in the auditing discipline. While
learning objectives. most textbooks use a cycles approach, Whittington/Pany enlists a
balance sheet approach – making it particularly straightforward and
™™ Current and Comprehensive Standards user-friendly in addressing the auditing profession’s risk-based ap-
proach for financial statement audits as well as for integrated audits of
Stuart begins each chapter by noting the relevant standards from financial statements and internal control. The 18th edition covers the
the following sets: auditing standards for private companies, auditing latest auditing standards to meet the needs of the current marketplace.
standards for public companies, and international standards. The authors are well connected – both Ray Whittington and Kurt Pany
served as members of the Audit Standards Board, and Whittington
™™ “Did You Know?” Features recently completed his term as President of the Auditing Section of
the American Accounting Association.
This pedagogical feature highlights real-world accounting scandals
to further engage students in ethical dilemmas and connect theory New to this edition
to practice. After each source document, Stuart asks the students
a relevant critical thinking question. The feature is integrated within ™™ The 18th edition has been thoroughly revised to reflect two very
the text so that students do not assume it is unimportant and skips it. major changes in auditing:

™™ Chapter Overview and Chapter Takeaways 1) The AICPA’s “clarity project” which has resulted in complete revi-

44
Accounting

sion and recodification of the Auditing Standards Board’s standards of every chapter now include other objective format questions. A
(1) to make standards easier to read, understand, and apply, and number of these are “simulation” questions that meet the new criteria
(2) to converge those standards with the International Standards of for CPA exam inclusion. Others are brief, and yet consistent with the
Auditing to the extent considered desirable. Almost all outstanding new simulation approach. In addition, every chapter of the instructor’s
Statements on Auditing Standard were revised, with an effective date
test bank now includes one or more other objective format questions.
for audits of periods ending after December 15, 2012.
™™ The clarity modifications presented force the CPA exam to up-
2) Modification of the CPA exam’s Auditing and Attestation section date its questions to reflect new terminology and requirements. We
content, including elimination of 2 “long” simulations on each exam have revised the text and instructor test bank questions to reflect
and replacement with 6-7 shorter, completely objective form simula- these changes.
tions.
™™ Connect Accounting and Connect Plus Accounting – new to this
™™ Modifications to Reflect Changes in the Auditing Standards: edition! Includes end-of-chapter, study guide, and test bank material.
The broad scope of the clarity project has resulted in changes to Contents
each chapter--some relatively minor, but others very major. Among
the most major clarity project changes are: 1. The Role of the Public Accountant in the American Economy
2. Professional Standards
™™ Chapter 2: Professional Standards This chapter is rewritten to Appendix A International and U.S. Standards Comparison
reflect the Auditing Standards Board’s elimination of the longstand- 3. Professional Ethics
ing “ten generally accepted auditing standards”--that is, the three 4. Legal Liability of CPAs
general standards, three field work standards, and the four reporting 5. Audit Evidence and Documentation
standards. For purposes of AICPA professional standard coverage 6. Planning the Audit; Linking Audit Procedures to Risk
the chapter now discusses in detail the new Principles Underlying Appendix A Selected Internet Addresses
an Audit Conducted in Accordance with Generally Accepted Auditing Appendix B Examples of Fraud Risk Factors
Standards that replaced the ten standards. Yet, because the PCAOB Appendix C Illustrative Audit Case
standards continue to be structured about the ten standards, those 7. Internal Control
standards remain in place for public company audits and are also Appendix A Antifraud Programs and Control Measures
discussed in the chapter. In addition, coverage includes presentation 8. Consideration of Internal Control in an Information Technology
of the new “standard” audit report and modified reports. An appendix Environment
has been added to this chapter to compare major differences between 9. Audit Sampling
international and US standards. Appendix A Probability-Proportion-to-Size Sampling
Appendix B Audit Risk
™™ Chapter 17: Auditors’ Reports. Changes in AICPA terminology
10. Cash and Financial Investments
reflected here better align U.S. GAAS with international standards.
11. Accounts Receivable, Notes Receivable, and Revenue
For example, an unqualified report is now an unmodified report; an
Appendix A Illustrative Audit Case
explanatory paragraph is now an emphasis of matter, an other matter
Appendix B Illustrative Audit Case
paragraph or a basis for modification paragraph; an audit involving
12. Inventories and Cost of Goods Sold
other auditors is now a group audit. But there have also been many
13. Property, Plant, and Equipment: Depreciation and Depletion
other changes, including changes in the standard audit report’s
14. Accounts Payable and Other Liabilities
wording and changes in requirements in a number of areas in which
Appendix A Illustrative Audit Cases
a report other than “standard” is issued.
15. Debt and Equity Capital
™™ Chapter 19: Additional Assurance Services: Historical financial 16. Auditing Operations and Completing the Audit
Information. The clarity standards, following the international standard 17. Auditors’ Report
approach, use the term “financial reporting framework” to represent 18. Integrated Audits of Public Companies
the standards used to prepare historical financial information. In 19. Additional Assurance Services: Historical Financial Information
essence the “financial reporting framework” becomes the “suitable 20. Additional Assurance Services: Other Information
criteria” for historical financial information. This results in a number 21. Internal, Operational, and Compliance Auditing
of changes relating to this chapter, including elimination of “special
reports” and replacement with “special purpose financial reporting
frameworks.”
™™ In addition, two other key changes include:
™™ Chapter 19: Additional Assurance Services: Historical financial
Information. In addition to the Chapter 19 clarity changes, modification
of compilation and review standards are reflected in the chapter. This
area is of particular importance to students who plan to take the CPA
exam as the new content specification outline shows that the degree
of coverage of this area is significant.
™™ Chapter 20: Additional Assurance Services: Other Information is
rewritten to reflect the fact that the nature of these other services is
evolving as at this point some services seem to have gained a degree Invitation to Publish
of market acceptance (e.g., SysTrust, PrimePlus/Elder Care) while
others have not (e.g., WebTrust). Additional new products such as McGraw-Hill is interested to review your
providing assurance relating to XBRL are discussed. textbook proposals for publication.
Please contact your local McGraw-Hill office or
Modifications to reflect CPA Exam Question Format Changes: email to asiapub@mcgraw-hill.com.

™™ The CPA exam’s coverage of shorter simulations has resulted in


Visit McGraw-Hill Education (Asia)
the replacement of the “long” simulations in the text with a variety of
Website: http://www.mheducation.asia/publish/
shorter objective questions. We entitle them “other objective format
questions” in that they are “objective,” yet in general not structured
completely as multiple choice questions. The questions in the back

45
Accounting

PTL Club—The Harbinger of Things to Come?


International edition GM: Running on Empty?
Unhealthy Accounting at HealthSouth
AUDITING & ASSURANCE SERVICES KPMG: How Many Firms?
4th Edition Something Went Sour at Parmalat
By Timothy J Louwers, James Madison University, Robert J Ramsay, GE: How Much Are Auditors Paid?
University of Kentucky-Lexington, David Sinason, Northern Illinois Uni- Saytam Computer Services, Ltd.—India’s Enron
versity and Jerry R Strawser, Texas A&M University-College Station
2011 (January 2010) / 864 pages
ISBN: 9780077396572 (with ACL Software)
ISBN: 9780071326025 [IE with ACL Software]
www.mhhe.com/louwers4e ETHICAL OBLIGATIONS AND DECISION-
The fourth edition of Auditing & Assurance Services is the most up-
MAKING IN ACCOUNTING
to-date auditing text on the market. All chapters and modules in the Text and Cases, 2nd Edition
fourth edition have been revised to incorporate professional standards By Steven M Mintz, Claremont McKenna College and Roselyn Morris,
through SAS 116, AS7, international standards of auditing (ISAs), and Texas State University-San Marcos
unnumbered standards adopted through July 2009. New terminology 2011 (October 2010) / 512 pages
from the AICPA’s Clarity Project has been incorporated throughout ISBN: 9780078025280
the book. In addition, all chapters include new problems, Kaplan
CPA Review simulations, and comprehensive case questions. Fraud www.mhhe.com/mintz2e
awareness, a thorough understanding of internal controls, and the The overriding philosophy of this text is that the ethical obligations
ability to use technology effectively are the hallmarks of a successful of accountants and auditors are best understood in the context of
auditor in business today. With Auditing & Assurance Services, 4th professional responsibilities including one’s role in the corporate
edition , students are prepared to take on auditing’s latest challenges. governance system, the requirements of financial reporting, the audit
As a leader in fraud coverage, it is accompanied by the Apollo Shoes function, obligations to prevent and detect fraud, and legal liabilities.
Case, the only standalone FRAUD audit case on the market (available Ethical Obligations and Decision Making in Accounting was written
online on the book’s OLC). The text is also designed to provide flex- to guide accountants past a scandal filled age. Our book is entirely
ibility for instructors; the twelve chapters focus on the auditing process devoted to helping students cultivate the ethical commitment needed
while the eight modules provide additional topics that can be taught to ensure that their work meets the highest standards of integrity,
at the instructor’s discretion without interrupting the flow of the text. independence, and objectivity. Ethical Obligations and Decision Mak-
ing in Accounting is designed to provide the instructor with the best
Contents flexibility and pedagogical effectiveness of any book on the market.
Part I: The Contemporary Auditing Environment To that end, it includes numerous features designed to make both
Chapter 1: Auditing and Assurance Services learning and teaching easier.
Chapter 2: Professional Standards
Chapter 3: Management Fraud and Audit Risk Contents
Part II: The Financial Statement Audit Chapter 1 – Ethical Reasoning: Implications for Accounting
Chapter 4: Engagement Planning Chapter 2 – Accountants’ Ethical Decision Process and Professional
Chapter 5: Risk Assessment: Internal Control Evaluation Judgment
Chapter 6: Employee Fraud and the audit of Cash Chapter 3 – Corporate Governance and Ethical Management
Appendix 6A Internal Control Questionnaires Chapter 4 – AICPA Code of Professional Conduct
Appendix 6B Audit Plan Questionnaires Chapter 5 – Audit Responsibilities and Accounting Fraud
Chapter 7: Revenue and Collection Cycle Chapter 6 – Legal and Regulatory Obligations in an Ethical Framework
Fraud Cases: Extended Audit Procedures (SAS 99) Chapter 7 – Earnings Management and the Quality of Financial
Appendix 7A Internal Control Questionnaires Reporting
Appendix 7B Audit Plan Chapter 8 – International Financial Reporting: Ethics and Corporate
Chapter 8: Acquisition and Expenditure Cycle Governance Considerations
Fraud Case(s): Extended Audit Procedures (SAS 99) Major Cases
Appendix 8A Internal Control Questionnaires
Appendix 8B Audit Plans
Appendix 8B The Payroll Cycle
Chapter 9: Production Cycle
Fraud Case: Extended Audit Procedures (SAS 99) AUDITING AFTER SARBANES-OXLEY
Appendix 9A Internal Control Questionnaires 3rd Edition
Appendix 9B Audit Plans By Jay C Thibodeau, Bentley College and Deborah Freier
Chapter 10: Finance and Investment Cycle 2011 (March 2010) / 288 pages
Fraud Case: Extended Audit Procedures (SAS 99)
ISBN: 9780078110818
Appendix 10A Internal Control Questionnaires
Appendix 10B Substantive Audit Plans www.mhhe.com/thibodeau3e
Chapter 11: Completing the Audit The approach used by Thibodeau and Freier emphasizes the sub-
Chapter 12: Reports on Audited Financial Statements stantial benefits of using real-life case examples in helping to impart
Part III: Other Topics knowledge related to the practice of auditing. This type of approach
Module A: Other Public Accounting Services has long been acknowledged as a superior manner in which to teach.
Module B: Professional Ethics Since the authors present the concepts of auditing using actual
Module C: Legal Liability corporate contexts, they seek to provided students with a real-life
Module D: Internal, Governmental, and Fraud Audits appreciation of these issues and clearly demonstrate the value of the
Module E: Overview of Sampling Sarbanes-Oxley Act of 2002 and the post-Sarbanes technical audit
guidance. The Third Edition has been updated to reflect all of the
Module F: Attribute Sampling
major changes happening in today’s society with actual companies
Module G: Variables Sampling such as Enron, WorldCom, Qwest, Sunbeam, that have become
Module H: Information Systems Auditing synonymous with the capital markets’ crisis in confidence. With 45
Comprehensive Cases different short cases, instructors can assign 8 to 9 different cases for
Andersen: An Obstruction of Justice? each of four different semesters.

46
Accounting

Contents UK Adaptation
Section 1 Fraud Cases: Violations of Accounting Principles
Case 1.1 Waste Management: The Matching Principle AUDITING & ASSURANCE SERVICES
Case 1.2 WorldCom: The Revenue Recognition Principle 2nd Edition
Case 1.3 Qwest: The Full Disclosure Principle By Aasmund Eilifsen, Norwegian Sch of Economics & Business Admin-
Case 1.4 Sunbeam: The Revenue Recognition Principle istration, William F Messier, University of Nevada Las Vegas, Steven M
Case 1.5 Waste Management: The Definition of an Asset Glover and Douglas F Prawitt of Brigham Young University-Provo
Case 1.6 Enron: The Revenue Recognition Principle 2009 / 720 pages
Case 1.7 WorldCom: The Matching Principle ISBN: 9780077122508
Case 1.8 The Fund of Funds: The Conservatism Constraint McGraw-Hill UK Title
Case 1.9 Qwest: The Revenue Recognition Principle
Case 1.10 The Baptist Foundation of Arizona: The Conservatism www.mcgraw-hill.co.uk/textbooks/eilifsen
Constraint Auditing & Assurance Services, Second International Edition com-
Case 1.11 WorldCom: The Definition of an Asset bines a genuine international perspective and relevant international
Section 2 Ethics and Professional Responsibility Cases regulatory requirements with a conceptual and systematic approach
Case 2.1 Enron: Independence to auditing. This fully up-to-date textbook provides students with the
Case 2.2 Waste Management: Due Care most current concepts of auditing and professional requirements.
Case 2.3 WorldCom: Professional Responsibility
Case 2.4 Enron: Quality Assurance Contents
Case 2.5 Sunbeam: Due Care PART I INTRODUCTION TO FINANCIAL STATEMENT AUDITING
Case 2.6 The Fund of Funds: Independence Chapter 1: An Introduction to Assurance and Financial Statement
Case 2.7 Bernard L. Madoff Investment and Securities: A Focus on Auditing
Auditors’ Legal Liability and Due Care Chapter 2: The Financial Statement Auditing Environment
Case 2.8 Enron: Audit Documentation PART II BASIC AUDITING CONCEPTS: RISK ASSESSMENT, MA-
Section 3 Fraud and Inherent Risk Assessment Cases TERIALITY, AND EVIDENCE
Case 3.1 Enron: Understanding the Client’s Business and Industry Chapter 3: Risk Assessment and Materiality
Case 3.2 The Baptist Foundation of Arizona: Related Party Transac- Chapter 4: Audit Evidence and Audit Documentation
tions PART III PLANNING THE AUDIT AND INTERNAL CONTROL
Case 3.3 WorldCom: Significant Business Acquisitions Chapter 5: Audit Planning and Types of Audit Tests
Case 3.4 Sunbeam: Incentives and Pressure to Commit Fraud Chapter 6: Internal Control in a Financial Statement Audit
Case 3.5 Qwest: Understanding the Client’s Business and Industry Chapter 7: Auditing Internal Control over Financial Reporting
Case 3.6 The Fund of Funds: Related Party Transactions PART IV STATISTICAL AND NON-STATISTICAL SAMPLING TOOLS
Case 3.7 Waste Management: Understanding the Client’s Business FOR AUDITING
and Industry Chapter 8: Audit Sampling: An Overview and Application to Tests of
Section 4 Internal Control Systems: Entity-Level Control Cases Controls
Case 4.1 Enron: The Control Environment Chapter 9: Audit Sampling: An Application to Substantive Tests of
Case 4.2 Waste Management: General Computing Controls Account Balances
Case 4.3 The Baptist Foundation of Arizona: The Whistleblower PART V AUDITING BUSINESS PROCESSES
Hotline Chapter 10: Auditing the Revenue Process
Case 4.4 WorldCom: The Internal Audit Function Chapter 11: Auditing the Purchasing Process
Case 4.5 Waste Management: Top-Side Adjusting Journal Entries Chapter 12: Auditing the Human Resource Management Process
Section 5 Internal Control Systems: Control Activity Chapter 13: Auditing the Inventory Management Process
Case 5.1 The Fund of Funds: Valuation of Investments Chapter 14: Auditing Financing Process: Prepaid Expenses and
Case 5.2 Enron: Presentation and Disclosure of Special-Purpose Property, Plant and Equipment
Entities Chapter 15: Auditing Financing Process: Long Term Liabilities, Stock-
Case 5.3 Sunbeam: Completeness of the Restructuring Reserve holders’ Equity and Income Statement Accounts
Case 5.4 Qwest: Occurrence of Revenue Chapter 16: Auditing Financing Process :Cash and Investments
Case 5.5 The Baptist Foundation of Arizona: Presentation and Dis- PART VI COMPLETING THE AUDIT AND REPORTING RESPON-
closure of Related Parties SIBILITIES
Case 5.6 Waste Management: Valuation of Fixed Assets Chapter 17: Completing the Engagement
Case 5.7 Qwest: Occurrence of Revenue Chapter 18: Reports on Audited Financial Statements
Appendix Company Cases PART VII PROFESSIONAL RESPONSIBILITIES
Case A.1 Enron Chapter 19: Professional Ethics, Independence and Quality Control
Case A.2 Waste Management PART VIII ASSURANCE, RELATED SERVICES AND INTERNAL
Case A.3 WorldCom AUDITING SERVICES
Case A.4 Sunbeam Chapter 20: Assurance, Related Services and Internal Auditing
Case A.5 Qwest
Case A.6 The Baptist Foundation of Arizona
Case A.7 The Fund of Funds

47
Accounting

AUDITING AND ASSURANCE SERVICES IN Ethics and the International Standards for the Professional Practice
of Internal Auditing) and the Strongly Recommended Guidance (such
AUSTRALIA as the Position Papers, Practice Advisories and Practice Guides).
4th Edition The book is a joint effort of academicians from Universiti Teknologi
By Grant Gay, Monash University and Roger Simnett, University of New MARA, Universiti Sains Malaysia, Universiti Malaysia Trengganu and
South Wales practitioners in internal auditing. The authors recognize that there is
2009 a need for more local and affordable books on internal auditing. In
ISBN: 9780070286740 this regard, the authors hope that their concerted efforts in writing
this book would contribute to promoting the significance of internal
McGraw-Hill Australia Title auditing and also encourage continuous professional development in
www.mhhe.com/au/gay4e this area. The authors also feel that they should share their knowledge
and experience on internal auditing to meet the motto of The Institute
Auditing & Assurance Services takes a business risk approach -the of Internal Auditors, “Progress Through Sharing”.
standard in audit practice that has been incorporated into both na-
tional and international auditing standards over the past five years.
Students are provided with a solid theoretical grounding in all aspects
of auditing, as well as insight into current challenges of the profession.
With a reputation built over several editions for timely, comprehensive
and accurate incorporation of auditing standards this edition contin-
ues the trend. The 4e is current with the revised Australian Auditing
Standards arising from the Clarity Project and enforceable from 1 Auditing Practice Cases
January 2010. Instructors can have confidence that students have
the advantage of being exposed to the framework that auditing firms
will be operating in from 2010.

Contents
Part 1 The Auditing And Assurance Services Profession International edition
Ch 1. Assurance & auditing: an overview
Ch 2. The structure of the profession PEACH BLOSSOM COLOGNE COMPANY
Ch 3. Ethics, independence and corporate governance 4th Edition
Ch 4. The legal liability of auditors By Jack W. Paul, Lehigh University
Part 2 Planning And Risk
2007 (December 2005) / 192 pages
Ch 5. Overview of elements of the financial report audit
ISBN: 9780073276595 (with CD)
process
Ch 6. Planning, understanding the entity and evaluating ISBN: 9780071259828 [IE with CD]
business risk Contents
Ch 7. Assessing specific business risks and materiality I. General Instructions and Preparations.
Ch 8. Understanding and assessing internal control II. Permanent File Materials.
Part 3 Tests Of Control And Tests Of Details 1. History and Background.
Ch 9. Tests of controls 2. Organizational Structure.
Ch 10. Substantive tests of transactions and balances 3. Internal Control.
Ch 11. Audit sampling 4. Chart of Accounts.
Part 4 Completion And Communication 5. Minutes of Board of Directors’ Meetings.
Ch 12. Completion and review III. Problem Assignments.
Ch 13. The auditor’s reporting obligations Assignment #1: Planning the Integrated Audit. Assignment #2: Cash.
Part 5 Other Assurance Services Assignment #3: Accounts Receivable and Credit Sales. Assign-
Ch 14. Internal auditing ment #4: Inventory and Purchases. Assignment #5: Property, Plant,
Ch 15. Audit and assurance services in the public sector and Equipment (Fixed Assets). Assignment #6: Accounts Payable
Ch 16. Other assurance services and advanced topics Processing and Unrecorded Liabilities. Assignment #7: Notes Payable
and Accrued Interest. Assignment #8: Completing the Audit.
IV. Current Year’s Working Trial Balance.
V. Prior Year’s Working Papers.
PRINCIPLES AND CONTEMPORARY ISSUES
IN INTERNAL AUDITING
By Puan Sri Datin Dr Mary Lee, Dr Hasnah Haji Haron, Dr Ishak Ismail,
Dr Mohd. Hassan Che Haat, Norlela Zaini, Tong Seuk Ying, Lok Char
Lee and Mohd, Farook Nasar
2009 (June 2009) / 356 pages
ISBN: 9789833850679
An Asian Publication
This book provides readers with an overview of the latest develop-
ments and various contemporary and contentious issues in internal REVIEW COPY
auditing. It gives a good understanding on the role and responsibilities (Available for course adoption only)
of an internal auditor as one of the governance partners and value-
adders in an organization. It highlights the importance of the internal To request for a review copy,
auditing function in risk management, controls and governance. With ƒƒ contact your local McGraw-Hill
the latest amendments issued under Para 15.18 of Bursa Malaysia’s representatives or,
(Amended) Listing Requirements on 31 January, 2008, mandating ƒƒ fax the Review Copy Request Form found
internal audit function for all public-listed companies, there is a need in this catalog or,
for greater understanding of the internal audit function as one of the ƒƒ e-mail your request to
means of safeguarding shareholders’ interests. This book also incor- mghasia_sg@mcgraw-hill.com or,
porates the new IIA’s International Professional Practices Framework ƒƒ submit online at www.mheducation.asia
(IPPF) which includes the Mandatory Guidance (such as the Code of

48
Accounting

International edition Chapter 9) Absorption cost system


Chapter 10) Criticisms of absorption cost systems: Incentives to
APPLE BLOSSOM COLOGNE COMPANY: overproduce
AUDIT CASE Chapter 11) Criticisms of absorption cost systems: Inaccurate product
5th Edition costs
By Jack Paul, Lehigh University Chapter 12) Standard costs: Direct labor and materials
2003 Chapter 13) Overhead and marketing variances
ISBN: 9780072844504 (with CD-ROM) Chapter 14) Management accounting in a changing environment
ISBN: 9780071244886 [IE with CD-ROM]
www.mhhe.com/appleblossom
CONTENTS
1) Audit Planning and Integration of the Accounting Process
2) Accounts Receivable and Credit Sales Undergraduate Taxation
3) Cash
4) Inventory and Purchases
5) Prepaid Expenses
6) Investments in Securities
7) Property, Plant, and Equipment
8) Accounts Payable Processing and Unrecorded Liabilities NEW *9780078025488*
9) Payroll Processing and Accrued Liabilities
10) Notes Payable and Accrued Interest PRINCIPLES OF TAXATION FOR BUSINESS
11) Capital Stock and Retained Earnings AND INVESTMENT PLANNING
12) Completing the Audit
2013 Edition, 16th Edition
By Sally Jones, University of Virginia and Shelley C Rhoades-Catanach,
Villanova University
2013 (April 2012) / 608 pages
ISBN: 9780078025488

Advanced Managerial (Details unavailable at press time)

Accounting
NEW *9780077434045*
TAXATION OF BUSINESS ENtities
International edition 2013 Edition, 4th Edition
By Brian Spilker, Brigham Young Univesity, Benjamin C Ayers, Univer-
accounting for decision-making and sity of Georgia, John Robinson, University of Texas at Austin, Edmund
Outslay, Michigan State University, Ronald G Worsham and John A
control Barrick of Brigham Young university and Constance Weaver, Texas A&M
7th Edition University
By Jerold Zimmerman, University of Roch 2013 (April 2012) / 640 pages
2011 (January 2010) / 608 pages ISBN: 9780077434045
ISBN: 9780078136726 (Details unavailable at press time)
ISBN: 9780071289641 [IE]
www.mhhe.com/zimmerman7e
Accounting for Decision Making and Control provides students and
managers with an understanding appreciation of the strengths and
limitations of an organization’s accounting system. This book provides
a framework for thinking about accounting systems and a basis for
analyzing proposed changes to these systems. The Seventh Edition
NEW *9780077434113*
demonstrates that managerial accounting is an integral part of the
firm’s organizational architecture, not just an isolated set of compu- McGraw-Hill’s TAXATION OF
tational topics. The purpose of this text is to provide students and INDIVIDUALS
managers with an understanding and appreciation of the strengths
and limitations of an organization’s accounting system, thereby allow- 2013 Edition, 4th Edition
ing them to be more intelligent users of these systems. The main pur- By Brian Spilker, Brigham Young Univesity, Benjamin C Ayers, Univer-
pose proposed by the author remains in tact for the Seventh Edition. sity of Georgia, John Robinson, University of Texas at Austin, Edmund
Outslay, Michigan State University, Ronald G Worsham and John A
Barrick of Brigham Young university and Constance Weaver, Texas A&M
Contents University
Chapter 1) Introduction 2013 (April 2012) / 736 pages
Chapter 2) The nature of costs ISBN: 9780077434113
Chapter 3) Opportunity cost of capital and capital budgeting
(Details unavailable at press time)
Chapter 4) Organizational architecture
Chapter 5) Responsibility accounting and transfer pricing
Chapter 6) Budgeting
Chapter 7) Cost allocation: Theory
Chapter 8) Cost allocation: Practices

49
Accounting

NEW *9780078025464* PRINCIPLES OF TAXATION FOR BUSINESS


AND INVESTMENT PLANNING
McGraw-Hill’s TAXATION OF 2012 Edition, 15th Edition
individuals and BUSINESS ENtities By Sally Jones, University of Virginia and Shelley C Rhoades-Catanach,
Villanova University
2013 Edition, 4th Edition
2012 (April 2011) / 640 pages
By Brian Spilker, Brigham Young Univesity, Benjamin C Ayers, Univer-
sity of Georgia, John Robinson, University of Texas at Austin, Edmund ISBN: 9780078110948
Outslay, Michigan State University, Ronald G Worsham and John A
Barrick of Brigham Young university and Constance Weaver, Texas A&M www.mhhe.com/sjones2012
University Principles of Taxation for Business and Investment Planning, by Jones
2013 (April 2012) / 1216 pages and Rhoades-Catanach, is a different approach to the study of taxation
ISBN: 9780078025464 than the traditional tax return preparation approach. This book teaches
students to recognize the role taxes play in business and investment
(Details unavailable at press time) decisions. In addition, the book presents the general role of taxation
and its implications across all taxpaying entities before discussing
the details relevant to specific entities. This approach allows students
to really grasp the fundamental concepts that are the foundation for
specific tax rules. The benefit is that the students will understand
NEW *9780078025471* the framework of the tax system, even though specific tax rules and
regulations change from year to year. Unlike traditional introductory
texts, Principles of Taxation for Business and Investment Planning
downplays the technical detail that makes the study of taxation such
FUNDAMENTALS OF a nightmare for business students. This text attempts to convince
students that an understanding of taxation is not only relevant but
TAXATION critical to their success in the business world.
2012 Edition, 5th Edition
By Ana M Cruz, Miami-Dade College, Mike New to this edition
Deschamps, Miracosta College, Frederick
Niswander, East Carolina University, Debra ™™ This text’s coverage of new tax regulations is updated yearly to
Prendergast, Northwestern Business College, reflect the latest changes in tax law.
Dan Schisler, East Carolina University and
Jinhee Trone, Santa Ana College ™™ Updated real world examples reinforce and illustrate key con-
cepts
2012 (December 2011) / 768 pages
ISBN: 9780078025471 Contents
ISBN: 9780077599058 (with Taxation Software) Part 1 Exploring the Tax Environment
Ch. 1 Taxes and Taxing Jurisdictions
This book is designed to not only expose beginning tax students to tax
law, but to also teach the practical intricacies involved in preparation Ch. 2 Tax Policy Issues: Standards for a Good Tax
of a tax return. Emphasizing a hands-on approach to tax education, Part 2 Fundamentals of Tax Planning
every concept introduced in the text includes meaningful exercises Ch. 3 Taxes as Transaction Costs
that allow students to reinforce what they are learning. Actual tax forms Ch. 4 Maxims of Income Tax Planning
are included within the text, with real-world data inserted into actual Ch. 5 Tax Research
tax forms to demonstrate applied skills. A copy of the individual tax Part 3 The Measurement of Taxable Income
return preparation software TaxACT is also a part of the text package, Ch. 6 Taxable Income From Business Operations
providing yet another tool to bridge the gap between understanding Ch. 7 Property Acquisitions and Cost Recovery Deductions
and practical application of tax law.
Appendix 7-A Midquarter Convention Tables
Ch. 8 Property Dispositions
CONTENTS
Ch. 9 Nontaxable Exchanges
Chapter 1: Introduction to Taxation, the Income Tax Formula, and Part 4 The Taxation of Business Income
Form 1040EZ Ch. 10 Sole Proprietorships, Partnerships, LLCs, and S Corporations
Chapter 2: Expanded Tax Formula, Forms 1040 and 1040A, and Ch. 11 The Corporate Taxpayer
Basic Concepts Appendix 11-A Schedule M-3 for Reconciling Book and Taxable
Chapter 3: Gross Income: Inclusions and Exclusions Income
Chapter 4: Adjustments for Adjusted Gross Income Ch. 12 The Choice of Business Entity
Chapter 5: Itemized Deductions Ch. 13 Jurisdictional Issues in Business Taxation
Chapter 6: Self-Employed Business Income Part 5 The Individual Taxpayer
Chapter 7: Capital Gains and Other Sales of Property Ch. 14 The Individual Tax Formula
Chapter 8: Rental Property, Royalties, Income from Flow Through Ch. 15 Compensation and Retirement Planning
Entities Ch. 16 Investment and Personal Financial Planning
Chapter 9: Tax Credits Appendix 16-A Comprehensive Schedule D Problem
Chapter 10: Payroll Taxes Ch. 17 Tax Consequences of Personal Activities
Chapter 11: Retirement and Other Tax-Deferred Plans and Annuities: Appendix 17-A Social Security Worksheet
Contributions and Distributions Part 6 The Tax Compliance Process
Chapter 12: Special Property Transactions Ch. 18 The Tax Compliance Process
Chapter 13: At-Risk/Passive Activity Loss Rules and the Individual
Alternative Minimum Tax
Chapter 14: Partnership Taxation
Chapter 15: Corporate Taxation
Appendix A: amended returns
Appendix B: comprehensive tax return problems
Appendix C: concept check answers
Appendix D: tax table
Appendix E: blank tax forms
Index

50
Accounting

McGraw-Hill’s Taxation of Appendix A: Tax Forms


Appendix B: Tax Terms Glossary
Individuals
Appendix C: Comprehensive Tax Return Problems
2012 Edition, 3rd Edition Appendix D: Code Indices
By Brian Spilker, Brigham Young Univesity, Benjamin C Ayers, Univer- Appendix E: Table of Cases Cited
sity of Georgia, John Robinson, University of Texas at Austin, Edmund
Outslay, Michigan State University, Ronald G Worsham and John A
Barrick of Brigham Young university and Constance Weaver, Texas A&M
University
2012 (April 2011) / 736 pages
ISBN: 9780077328368 TAXATION OF BUSINESS ENtities
www.mhhe.com/spilkerindividuals2012 2012 Edition, 3rd Edition
By Brian Spilker, Brigham Young Univesity, Benjamin C Ayers, Univer-
McGraw-Hill’s Taxation Series continues to provide a unique, in- sity of Georgia, John Robinson, University of Texas at Austin, Edmund
novative, and engaging learning experience for students studying Outslay, Michigan State University, Ronald G Worsham and John A
taxation. The breadth of the topical coverage, the storyline approach Barrick of Brigham Young university and Constance Weaver, Texas A&M
to presenting the material, the emphasis on the tax and nontax University
consequences of multiple parties involved in transactions, and the 2012 (May 2011) / 736 pages
integration of financial and tax accounting topics make this book ideal ISBN: 9780077328412
for the modern tax curriculum. With over 250 schools adopting the 2nd
edition, McGraw-Hill’s Taxation of Individuals and Business Entities www.mhhe.com/spilkerentities2012
resonates with instructors who were in need of a bold and innova- McGraw-Hill’s Taxation Series continues to provide a unique, in-
tive approach to teaching tax. 280 professors have contributed 250 novative, and engaging learning experience for students studying
book reviews, in addition to 17 focus groups and symposia. These taxation. The breadth of the topical coverage, the storyline approach
instructors were impressed on the book’s organization, pedagogy, to presenting the material, the emphasis on the tax and nontax
and unique features that are a testament to the grassroots nature of consequences of multiple parties involved in transactions, and the
this book’s development. integration of financial and tax accounting topics make this book
ideal for the modern tax curriculum. With over 250 schools adopting
New to this edition the 2nd edition, McGraw-Hill’s Taxation of Individuals and Business
Entities resonates with instructors who were in need of a bold and
™™ New Ethics Boxes: New Ethics boxes were added to each chap-
innovative approach to teaching tax. 280 professors have contributed
ter. These vignettes present a taxpayer facing an ethical question 250 book reviews, in addition to 17 focus groups and symposia. These
related to the material covered in the chapter. Students are encour- instructors were impressed on the book’s organization, pedagogy,
aged to consider the many ethical questions raised by taxation law; and unique features that are a testament to the grassroots nature of
these boxes are designed to start a conversation in the classroom this book’s development.
about ethics in tax.
New to this edition
™™ Algorithmic Problems: Connect Accounting for Taxation of In-
dividuals and Business Entities now includes algorithmic problems. ™™ New Ethics Boxes: New Ethics boxes were added to each chap-
ter. These vignettes present a taxpayer facing an ethical question
™™ The book has been completely updated for all new tax law, rate
related to the material covered in the chapter. Students are encour-
changes, and 2010 tax forms. The book is current through March
aged to consider the many ethical questions raised by taxation law;
2011. Other updates beyond March can be found on the book’s Online
these boxes are designed to start a conversation in the classroom
Learning Center, www.mhhe.com/spilker2012.
about ethics in tax.
™™ Relevant content changes have been integrated throughout the
™™ Algorithmic Problems: Connect Accounting for Taxation of In-
text. These notable changes include:
dividuals and Business Entities now includes algorithmic problems.
™™ All tax forms have been updated for the latest available tax form
™™ The book has been completely updated for all new tax law, rate
as of January 2011.
changes, and 2010 tax forms. The book is current through March
™™ TaxACT for Business Entities: We will now offer both TaxACT’s 2011. Other updates beyond March can be found on the book’s Online
Individual tax prep software, and their Entities bundle, which includes Learning Center, www.mhhe.com/spilker2012.
forms 1065, 1120 and 1120S as add-on products. This bundle com-
™™ Relevant content changes have been integrated throughout the
bines TaxACT’s 2010 Preparer’s 1040 with the 2010 Preparer’s Busi-
text. These notable changes include:
ness 3-Pack to offer preparer solutions for personal and business use.
™™ All tax forms have been updated for the latest available tax form
Contents as of January 2011.
Part I: Intro to Taxation
1. An Introduction to Tax Contents
2. Tax Compliance, the IRS, and Tax Authorities Part I: Business and Investment–Related Transactions
3. Tax Planning Strategies and Related Limitations 1. Business Income, Deductions, and Accounting Methods
Part II: Basic Individual Taxation 2. Property Acquisition and Cost Recovery
4. Individual Tax Overview 3. Property Dispositions
5. Gross Income and Exclusions Part II: Entity Overview and Taxation of C Corporations
6. Individual Deductions 4. Entities Overview
7. Individual Income Tax Computation and Tax Credits 5. Corporate Operations
Part III: Business and Investment–Related Transactions 6. FAS 109: Accounting for Income Taxes
8. Business Income, Deductions, and Accounting Methods 7. Corporate Taxation: Nonliquidating Distributions
9. Property Acquisition and Cost Recovery 8. Corporate Taxation: Formation, Reorganization, and Liquidation
10. Property Dispositions Part III: Taxation of Flow-Through Entities
11. Investments 9. Forming and Operating Partnerships
Part IV: Specialized Topics 10. Dispositions of Partnership Interests and Partnership Distributions
12. Compensation 11. S Corporations
13. Retirement Savings and Deferred Compensation Part IV: Multijurisdictional Taxation and Transfer Taxes
14. Tax Consequences of Home Ownership 12. State and Local Taxes

51
Accounting

13. The U.S. Taxation of Multinational Transactions 5. Gross Income and Exclusions
14. Transfer Taxes and Wealth Planning 6. Individual Deductions
Appendix A: Tax Forms 7. Individual Income Tax Computation and Tax Credits
Appendix B: Tax Terms Glossary Part III: Business and Investment–Related Transactions
Appendix C: Comprehensive Tax Return Problems 8. Business Income, Deductions, and Accounting Methods
Appendix D: Code Indices 9. Property Acquisition and Cost Recovery
10. Property Dispositions
11. Investments
Part IV: Specialized Topics
12. Compensation
McGraw-Hill’s TAXATION OF 13. Retirement Savings and Deferred Compensation
individuals and BUSINESS ENtities 14. Tax Consequences of Home Ownership
2012 Edition, 3rd Edition Part V: Entity Overview and Taxation of C Corporations
15. Entities Overview
By Brian Spilker, Brigham Young Univesity, Benjamin C Ayers, Univer-
sity of Georgia, John Robinson, University of Texas at Austin, Edmund 16. Corporate Operations
Outslay, Michigan State University, Ronald G Worsham and John A 17. FASB ASC Topic 740: Income Taxes
Barrick of Brigham Young university and Constance Weaver, Texas A&M 18. Corporate Taxation: Nonliquidating Distributions
University 19. Corporate Taxation: Formation, Reorganization, and Liquidation
2012 (April 2011) / 1264 pages Part VI: Taxation of Flow-Through Entities
ISBN: 9780078111068 20. Forming and Operating Partnerships
www.mhhe.com/spilkercomp2012 21. Dispositions of Partnership Interests and Partnership Distributions
22. S Corporations
McGraw-Hill’s Taxation Series continues to provide a unique, in- Part VII: Multijurisdictional Taxation and Transfer Taxes
novative, and engaging learning experience for students studying 23. State and Local Taxes
taxation. The breadth of the topical coverage, the storyline approach
24. The U.S. Taxation of Multinational Transactions
to presenting the material, the emphasis on the tax and nontax
consequences of multiple parties involved in transactions, and the 25. Transfer Taxes and Wealth Planning
integration of financial and tax accounting topics make this book ideal Appendix A: Tax Forms
for the modern tax curriculum. With over 250 schools adopting the 2nd Appendix B: Tax Terms Glossary
edition, McGraw-Hill’s Taxation of Individuals and Business Entities Appendix C: Comprehensive Tax Return Problems
resonates with instructors who were in need of a bold and innova- Appendix D: Code Indices
tive approach to teaching tax. 280 professors have contributed 250 Appendix E: Table of Cases Cited
book reviews, in addition to 17 focus groups and symposia. These
instructors were impressed on the book’s organization, pedagogy,
and unique features that are a testament to the grassroots nature of
this book’s development.

New to this edition NEW *9780071078764*


™™ New Ethics Boxes: New Ethics boxes were added to each chap-
ter. These vignettes present a taxpayer facing an ethical question
related to the material covered in the chapter. Students are encour- TAXATION IN SINGAPORE
aged to consider the many ethical questions raised by taxation law;
these boxes are designed to start a conversation in the classroom By Simon Poh
about ethics in tax.
™™ Algorithmic Problems: Connect Accounting for Taxation of In-
dividuals and Business Entities now includes algorithmic problems.
™™ The book has been completely updated for all new tax law, rate
changes, and 2010tax forms. The book is current through March
2011. Other updates beyond March can be found on the book’s Online 2011 (August 2010) / 424 pages
Learning Center, www.mhhe.com/spilker2012. ISBN: 9780071078764
™™ Relevant content changes have been integrated throughout the An Asian Publication
text. These notable changes include: This book is intended for candidates taking professional examinations
™™ All tax forms have been updated for the latest available tax form in Singapore taxation, as well as full-time undergraduate students
as of January 2011. taking Singapore income tax courses in local universities and other
tertiary institutions. Lecturers may adopt it as the main text of a one-
™™ Better Examples: The examples used throughout the chapter semester course on basic taxation in Singapore. It is also suitable
relate directly to the storyline presented at the beginning of each for those who have little or no knowledge in Singapore taxation, as
chapter, so students become familiar with one fact set and learn how it attempts to explain the tax laws in simple language. The depth of
coverage is sufficient to enable readers to build a strong foundation
to apply those facts to different scenarios. In addition to providing
in Singapore taxation, including preparation of both corporate and
in-context examples, we provide “What-If” scenarios within many individual tax computations.
examples to illustrate how variations in the facts might or might not
change the answers. Features
Contents ™™ Detailed coverage of main tax topics, including capital allow-
Part I: Intro to Taxation ances, tax deductions and taxation of foreign income, non-residents
1. An Introduction to Tax and companies
2. Tax Compliance, the IRS, and Tax Authorities
™™ Clear learning objectives set out at the beginning of each chapter
3. Tax Planning Strategies and Related Limitations
Part II: Basic Individual Taxation ™™ In-depth review questions at the end of each chapter to test the
4. Individual Tax Overview readers’ grasp of Singapore taxation

52
Accounting

™™ Up-to-date information on tax laws, regulations and practice to mental activities are recorded using the modified accrual basis. The
equip readers with sufficient knowledge on tax compliance and basic fund-basis statements are then used as input in the preparation of
tax planning topics and concepts government-wide statements. The preparation of government-wide
statements is presented in an Excel worksheet. This approach has
™™ Inclusion of extracts of the Singapore Income Tax Act and the two advantages: (1) it is the approach most commonly applied in
Goods and Services Tax Act as a convenient and easy reference to practice, and (2) it is an approach familiar to students who have
readers, which are often referred to in practice and in examinations studied the process of consolidation in their advanced accounting
classes. State and local government reporting is illustrated using an
Contents ongoing example integrated throughout Chapters 3 through 8 and
13. This edition incorporates all of the FASB, GASB, GAO and AICPA
Preface pronouncements passed since the last edition.
About the Author
1. Introduction to Singapore Tax New to this edition
2. Concept of Income
3. Tax Deductions ™™ New Continuous Homework Problem: Students gain a compre-
4. Capital Allowances hensive overview of the financial reporting process for state and local
5. Taxation of Companies governments with a new continuous homework problem.
6. Taxation of Individuals
™™ Updated References: Descriptions and references have been
7. Taxation of Partnerships
updated to reflect FASB and GASB codification conventions for con-
8. Taxation of Non-residents
sistency with current professional literature. Students are introduced
9. Taxation of Foreign Income
to the structure of the codifications.
10. Goods and Services Tax
Extracts of Income Tax Act ™™ Summaries of Academic Research: Financial information on
Part I, Section 2: Interpretation not-for-profit organizations is becoming increasingly available through
Part III, Section 10: Charge of income tax stimulating research by academics. The 10th edition of this text pro-
Part IV, Section 13: Exempt income vides a brief discussion of published research in the nonprofit area
Part V, Section 14: Deductions allowed for the purpose of developing student awareness of the major issues
Part V, Section 15: Deductions not allowed and findings from this important economic sector.
Part VI, Sections 16-24: Capital allowances
Part X, Section 39: Relief and deduction for resident individual and ™™ Updated Presentation of Budgetary Accounting: The presenta-
Hindu joint family tion of budgetary accounts, including encumbrances, is simplified
Part XII, Section 45: Withholding of tax in respect of interest paid to to reduce student confusion associated with GASB Statement No.
non-resident persons 54 –Fund Balance Reporting.
Sixth Schedule, Sections 19(2) and 106(3): Number of years of ™™ Most Up-to-Date Reporting Requirements: Updated for new IRS
working life of asset form 990 reporting requirements to reflect current law.
Index
Contents
Chapter 1: Introduction to Accounting and Financial Reporting for
Governmental and Not-for-Profit Organizations
Chapter 2: Overview of Financial Reporting for State and Local
Governments
Governmental / Non Profit Chapter 3: Modified Accrual Accounting: Including the Role of Fund
Balances and Budgetary Authority
Chapter 4: Accounting for General and Special Revenue Funds
Chapter 5: Accounting for Other Governmental Fund Types: Capital
Projects, Debt Service, and Permanent
Chapter 6: Proprietary Funds
NEW *9780078025457* Chapter 7: Fiduciary (Trust) Funds
Chapter 8: Government-Wide Statements, Fixed Assets, Long-Term
Debt
Chapter 9: Accounting for Special-Purpose Entities, Including Public
ESSENTIALS OF Colleges and Universities
accounting for Chapter 10: Accounting for Private Not-for-Profit Organizations
governmental and Chapter 11: College and University Accounting—Private Institutions
not-for-profit Chapter 12: Accounting for Hospitals and Other Health-Care Providers
Chapter 13: Auditing, Tax Exempt Entities, and Evaluating Perform-
organizations ance
11th Edition Chapter 14: Financial Reporting by the Federal Government

By Paul A Copley, James Madison University

2013 (February 2012) / 480 pages


ISBN: 9780078025457
www.mhhe.com/copley11e
Copley’s Essentials of Accounting for Governmental and Not-for-
Profit Organizations, 11e is best suited for those professors whose
objective is to provide more concise coverage than what is available
in larger texts. The main focus of this text is on the preparation of
external financial statements which is a challenge for governmental
reporting. The approach in this edition is similar to that used in prac-
tice. Specifically, day to day events are recorded at the fund level
using the basis of accounting for fund financial statements. Govern-

53
Accounting

Chapter 7: Accounting for the Business-Type Activities of State and


NEW *9780078110931* Local Governments
Chapter 8: Accounting for Fiduciary Activities—Agency and Trust
Funds
ACCOUNTING FOR GOVERNMENTAL AND Chapter 9: Financial Reporting of State and Local Governments
NONPROFIT ENTITIES Part Two: Accountability for Public Funds
16th Edition Chapter 10: Analysis of Governmental Financial Performance
By Jacqueline Reck, University of South Florida--Tampa, Suzanne Chapter 11: Auditing of Governmental and Not-for-Profit Organizations
Lowensohn, Colorado State University and Earl Wilson, University of Chapter 12: Budgeting and Performance Measurement
Missouri-Columbia Part Three: Not-for-Profit Organizations and the Federal Gov-
2013 (January 2012) / 784 pages ernment
ISBN: 9780078110931 Chapter 13: Accounting for Not-for-Profit Organizations
www.mhhe.com/reck16e Chapter 14: Not-for-Profit Organizations—Regulatory, Taxation, and
Performance Issues
Accounting for Governmental and Nonprofit Entities provides users Chapter 15: Accounting for Colleges and Universities
with extensive, accurate, and up-to-date coverage of accounting and Chapter 16: Accounting for Health Care Organizations
financial reporting for government and not-for-profit organizations, in
Chapter 17: Accounting and Reporting for the Federal Government
addition to information on governmental auditing and performance
measurement. The textbook uses a unique dual-track approach to Glossary
teaching governmental accounting and features two independent Governmental and Not-for-Profit Organizations
computerized government practice sets to enhance student learning. Index

New to this edition


™™ Suzanne Lowensohn of Colorado State University joins the
author team, bringing with her a strong teaching and research back-
ground in government and not-for-profit accounting.
™™ The text has been thoroughly revised to incorporate fund balance
Accounting Theory
classification and fund definition requirements of GASB Statement 54,
as well as the reporting changes related to GASB Statement (State-
ment Number coming soon), providing up-to-date changes affecting
governments and accounting professionals.
™™ The sixteenth edition has adopted the comprehensive annual
NEW *9780077126735*
financial report of the City of Jacksonville, an early implementer of
GASB Statement 54, providing a real-world example of the impact
of the new GASB standard throughout the text. financial accounting
™™ The City of Smithville/Bingham Computerized Cumulative Prob- theory
lem has been revised and updated 2nd Edition
™™ to incorporate standards changes and improve program func-
By Craig Deegan, RMIT University-Melbourne
tionality, providing students with and Jeffrey Unermna, Manchester Business
™™ a hands-on-experience in preparing accounting entries and
financial statements. In addition,
™™ a reduced-coverage City of Smithville Computerized Cumulative
2011 (March 2011) / 576 pages
Problem has been added
ISBN: 9780077126735
™™ to provide a learning tool for those instructors who do not have McGraw-Hill UK Title
time to cover the complete
www.mcgraw-hill.co.uk.textbooks/deegan
™™ Smithville problem.
Financial Accounting Theory, Second European Edition provides
™™ As with all prior editions, the sixteenth edition reflects the latest a complete grounding in the subject from a European perspective.
authoritative guidance from GASB, FASB, FASAB, GAO, and AICPA Underpinned by research and applied through real-life examples it’s
applicable to government and not-for-profit organizations, providing the ideal text for anyone studying the theories of financial accounting.
accurate and up-to-date knowledge about government and not-for-
profit accounting and reporting, an important feature for those intend- New to this edition
ing to take the CPA exam. ™™ Updated coverage - all topics have been thoroughly updated and
recent debates added including extended discussion of the upcoming
CONTENTS
area of social and environmental accounting
Chapter 1: Introduction to Accounting and Financial Reporting for
Governmental and Not-for-Profit Entities ™™ New and updated real life examples - real life exhibits have been
Part One: State and Local Governments updated to showcase the issues considered in a real world context
Chapter 2: Principles of Accounting and Financial Reporting for State ™™ New research developments - all the latest research in the field
and Local Governments has been added and integrated into the text to provide a contemporary
Chapter 3: Governmental Operating Statement Accounts; Budgetary and rigorous account of the subject
Accounting
Chapter 4: Accounting for Governmental Operating Activities—Illustra- Contents
tive Transactions and Financial Statements
1. Introduction to financial accounting theory
Chapter 5: Accounting for General Capital Assets and Capital Projects
2. The financial reporting environment
Chapter 6: Accounting for General Long-term Liabilities and Debt
3. The regulation of financial accounting
Service
4. International Accounting

54
Accounting

5. Normative theories of accounting 1: The case of accounting for


changing prices International Accounting
6. Normative theories of accounting 2: the case of conceptual frame-
work projects
7. Positive Accounting Theory
8. Unregulated corporate reporting decisions: Considerations of
systems oriented theories International edition
9. Extended systems of accounting: The incorporation of social and
environmental factors within external reporting
10. Reactions of capital markets to financial reporting NEW *9780078110955*
11. Reactions of individuals to financial reporting: an examination of
behavioural research
12. Critical Perspectives of Accounting INTERNATIONAL
ACCOUNTING
3rd Edition

FINANCIAL ACCOUNTING THEORY By Timothy Doupnik, University of South Caro-


lina and Hector Perera, Massey University
3rd Edition
By Craig Deegan, University of Southern Queensland
2009
ISBN: 9780070277267 2012 (April 2011) / 816 pages
McGraw-Hill Australia Title ISBN: 9780078110955
www.mhhe.com/au/deegantheory3e ISBN: 9780071086318 [IE]

Presenting accounting theory as a vibrant, relevant topic in a changing www.mhhe.com/doupnik3e


world, this text has established itself as the market leader in Australia The Third Edition of International Accounting provides an overview of
and New Zealand. The third edition retains core strengths that appeal the broadly defined area of international accounting, but also focuses
both to academics and students; critical evaluation, a writing style that on the accounting issues related to international business activi-
is easy to read and understand, and a balanced discussion of different ties and foreign operations. This edition also includes substantially
theories of accounting to stimulate student interest. Contemporary updated coverage of the International Accounting Standards Board
examples and questions have been included and other content (such (IASB) and International Financial Reporting Standards (IFRS). The
as the topic of international accounting) extensively updated. With unique benefits of this textbook include its up-to-date coverage of
twelve chapters that are arranged in a logical sequence, this text is relevant material, extensive numerical examples provided in most
ideally suited for one-semester subjects. It is also an ideal text for chapters, two chapters devoted to the application of International
those undertaking further research at post graduate levels; compre- Financial Reporting Standards (IFRS), and coverage of nontraditional
hensive internal referencing guides point the reader to undertake but important topics such as strategic accounting issues of multina-
further reading or investigate aspects at a deeper level. tional companies, international corporate governance, and corporate
social responsibility reporting.
Contents
1 Introduction to financial accounting theory New to this edition
2 The financial reporting environment
™™ IFRS: Two chapters on International Financial Reporting Stand-
3 The regulation of financial accounting
ards (IFRS), including numerical examples demonstrating major
4 International accounting
differences between IFRS and U.S. GAAP and their implications for
5 Normative theories of accounting: the case of accounting for
financial statements.
changing prices
6 Normative theories of accounting: the case of conceptual frame- ™™ Recent Developments: Detailed discussion on the most recent
work projects developments in the area of international harmonization/convergence
7 Positive Accounting Theory of financial reporting standards.
8 Unregulated corporate reporting decisions: considerations of
systems-oriented theories ™™ Financial Reporting Issues: Numerous excerpts from recent
9 Extended systems of accounting: the incorporation of social and annual reports to demonstrate differences in financial reporting prac-
environmental factors within external reporting tices across countries and to demonstrate financial reporting issues
10 Reactions of capital markets to financial reporting especially relevant for multinational corporations.
11 Reactions of individuals to financial reporting: an examination of
Contents
behavioural research
12 Critical perspectives of accounting Chapter 1: Introduction to International Accounting
Index Chapter 2: Worldwide Accounting Diversity
Chapter 3: International Convergence of Financial Reporting
Chapter 4: International Financial Reporting Standards: Part I
Chapter 5: International Financial Reporting Standards: Part II
Chapter 6: Comparative Accounting
Chapter 7: Foreign Currency Transactions and Hedging Foreign
Exchange Risk
Chapter 8: Translation of Foreign Currency Financial Statements
Chapter 9: Additional Financial Reporting Issues
Chapter 10: Analysis of Foreign Financial Statements
Chapter 11: International Taxation
Chapter 12: International Transfer Pricing
Chapter 13: Strategic Accounting Issues in Multinational Corporations
Chapter 14: Comparative International Auditing and Corporate
Governance

55
Accounting

Chapter 15: International Corporate Social Responsibility Reporting


NEW *9780078110863*
FINANCIAL REPORTING AND
Financial Statement ANALYSIS
5th Edition
Analysis
By Lawrence Revsine, Northwestern University,
Daniel W Collins and Bruce Johnson of Univer-
sity of Iowa-Iowa City and Fred Mittelstaedt,
University of Notre Dame

International edition 2012 (January 2011) / 1120 pages


ISBN: 9780078110863
NEW *9780078025310* www.mhhe.com/revsine5e
Financial Reporting & Analysis (FR&A) by Revsine/Collins/Johnson/
FINANCIAL STATEMENT ANALYSIS AND Mittelstaedt emphasizes both the process of financial reporting and
SECURITY VALUATION the analysis of financial statements. This book employs a true “user”
5th Edition perspective by discussing the contracting and decision implications of
accounting and this helps readers understand why accounting choices
By Stephen Penman, Columbia University-Business School
matter and to whom. Revsine, Collins, Johnson, and Mittelstaedt train
2013 (March 2012) / 768 pages their readers to be good financial detectives, able to read, use, and
ISBN: 9780078025310 interpret the statements and-most importantly understand how and
ISBN: 9780071326407 [IE] why managers can utilize the flexibility in GAAP to manipulate the
numbers for their own purposes. Significantly, the new edition em-
This book describes valuation as an exercise in financial statement phasizes the differences and similarities between GAAP and IFRS,
analysis. Students learn to view a firm through its financial statements which is a critical component of this course.
and to carry out the appropriate financial statement analysis to value
the firm’s debt and equity. The book takes an activist approach to in-
vesting, showing how the analyst challenges the current market price New to this edition
of a share by analyzing the fundamentals. With a careful assessment ™™ New Global Vantage Point sections have been added to most
of accounting quality, accounting comes to life as it is integrated with chapters that
the modern theory of finance to develop practical analysis and valu-
ation tools for active investing. ™™ identify key differences between U.S. GAAP and IFRS

CONTENTS ™™ discuss financial statement excerpts of companies that follow


IFRS
List of Cases
List of Accounting Clinics ™™ summarize proposed new accounting standards issued by the
1 Introduction to Investing and Valuation FASB and/or the IASB as part of their convergence project
2 Introduction to the Financial Statements
™™ References to both the FASB Accounting Standards Codification
Part One Financial Statements and Valuation
TM and the underlying pre-Codification U.S. GAAP literature have
3 How Financial Statements Are Used in Valuation
been added
4 Cash Accounting, Accrual Accounting, and Discounted Cash Flow
Valuation ™™ All FASB and IASB standards, exposure drafts, and discussion
5 Accrual Accounting and Valuation: Pricing Book Values papers released through October 2010 have been covered
6 Accrual Accounting and Valuation: Pricing Earnings
Part Two The Analysis of Financial Statements ™™ Discussion of the 2008 global financial crisis and how it affected
7 Viewing the Business Through the Financial Statements accounting measurements is included
8 The Analysis of the Statement of Shareholders’ Equity ™™ New or updated company examples are incorporated throughout
9 The Analysis of the Balance Sheet and Income Statement the book
10 The Analysis of the Cash Flow Statement
11 The Analysis of Profitability ™™ New and revised end-of-chapter materials including exercises,
12 The Analysis of Growth and Sustainable Earnings problems, and cases tied to Global Vantage Points or to proposed
Part Three Forecasting and Valuation Analysis new FASB and IASB standards have been added
13 The Value of Operations and the Evaluation of Enterprise Price-
to-Book Ratios and Price-Earnings Ratios Contents
14 Anchoring on the Financial Statements: Simple Forecasting and Chapter 1 The Economic and Institutional Setting for Financial
Simple Valuation Reporting
15 Full-Information Forecasting, Valuation, and Business Strategy Chapter 2 Accrual Accounting and Income Determination
Analysis Chapter 3 Additional Topics in Income Determination
Part Four Accounting Analysis and Valuation Chapter 4 Structure of the Balance Sheet and Statement of Cash
16 Creating Accounting Value and Economic Value Flows
17 Analysis of the Quality of Financial Statements Chapter 5 Essentials of Financial Statement Analysis
Part Five The Analysis of Risk and Return Chapter 6 The Role of Financial Information in Valuation and Credit
18 The Analysis of Equity Risk and Return Risk Assessment
19 The Analysis of Credit Risk and Return Chapter 7 The Role of Financial Information in Contracting
Appendix A Summary of Formulas Chapter 8 Receivables
Index Chapter 9 Inventories
Chapter 10 Long-Lived Assets
Chapter 11 Financial Instruments as Liabilities

56
Accounting

Chapter 12 Financial Reporting for Leases


Chapter 13 Income Tax Reporting International edition
Chapter 14 Pensions and Postretirement Benefits
Chapter 15 Financial Reporting for Owners’ Equity
EQUITY VALUATION AND ANALYSIS
Chapter 16 Intercorporate Equity Investments 2nd Edition
Chapter 17 Statement of Cash Flows By Russell Lundholm and Richard Sloan of University of Michigan--Ann
Appendix Time Value of Money Arbor
Index 2007 (August 2006) / 336 pages
ISBN: 9780077219857 (with eVal CD and Pass Code Card)
ISBN: 9780071260558 [IE]
Contents
Part One
International edition 1. Introduction
FINANCIAL STATEMENT ANALYSIS 2. Information Collection
3. Understanding the Business
10th Edition
4. Accounting Analysis
K R Subramanyan, University of Southern California and John J Wild,
University of Wisconsin Madison 5. Financial Ratio Analysis
6. Cash Flow Analysis
2009 (May 2008) / 784 pages
7. Structured Forecasting
ISBN: 9780073379432
8. Forecasting Details
ISBN: 9780071263924 [IE]
9. The Cost of Capital
www.mhhe.com/subramanyam10e 10. Valuation
11. Valuation Ratios
Financial Statement Analysis, 10e, emphasizes effective business
analysis and decision making by analysts, investors, managers, and 12. Some Complications
other stakeholders of the company. It continues to set the standard in Part Two
showing students the keys to effective financial statement analysis. 1. AOL Time Warner Merger
The textbook is set up in a three part framework which makes this 2. The Valuation of Amazon.com in June 2001
textbook one of the best selling books in the market. It begins with an 3. Turnaround at Bally Total Fitness
overview (chapters 1-2), followed by accounting analysis (chapters 4. Boston Chicken, Inc.
3-6) and then financial analysis (chapters 7-12). The book presents a 5. Four Valuation Models-One Value
balanced view of analysis, including both equity and credit analysis, 6. EnCom Corporation
and both cash-based and earnings-based valuation models. The tenth
7. GAAP versus the Street: Three Cases of Conflicting Quarterly
edition is aimed at accounting and finance classes, and the profes-
sional audience – as it shows the relevance of financial statement Earnings Announcements
analysis to all business decision makers. The authors: 8. The Home Depot, Inc.
9. Evaluation Intel’s Earnings Torpedo
1. Use numerous and timely “real world” examples and cases 10. Interpreting Margin and Turnover Ratios
11. Netflix, Inc. 12. Overstock.com
2. Draw heavily on actual excerpts from financial reports and footnotes 13. Pre-Paid Legal Services
14. Determinants of Valuation Ratios: The Restaurant Industry in 2003
3. Focus on analysis and interpretation of financial reports and their 15. Forecasting for the Love Boat: Royal Caribbean Cruises in 1998
footnotes 16. Can Salton Swing?
17. A Tale of Two Movie Theaters
4. Illustrate debt and equity valuation that uses results of financial Appendix A Appendix B Appendix C Appendix D
statement analysis Index
5. Apply a concise and succinct writing style to make the material
accessible

Contents
Part One: Introduction and Overview
Chapter 1: Overview of Financial Statement Analysis
Chapter 2: Financial Reporting and Analysis
Part Two: Accounting Analysis
Chapter 3: Analyzing Financing Activities
Chapter 4: Analyzing Investing Activities
Chpater 5: Analyzing Investing Activities: Special Topics
Chpater 6: Analyzing Operating Activities
Part Three: Financial Analysis
Chapter 7: Cash Flow Analysis
Chpater 8: Return on Invested Capital
Chapter 9: Prospective analysis Invitation to Publish
Chapter 10: Credit Analysis
Chapter 11: Equity Analysis and Valuation McGraw-Hill is interested to review your
Comprehensive Case: Applying Financial Statement Analysis textbook proposals for publication.
Please contact your local McGraw-Hill office or
email to asiapub@mcgraw-hill.com.

Visit McGraw-Hill Education (Asia)


Website: http://www.mheducation.asia/publish/

57
Accounting

Survey of Accounting Chapter 3 Accounting for Merchandising Businesses


Chapter 4 Internal Controls, Accounting for Cash, and Ethics
Chapter 5 Accounting for Receivables and Inventory Cost Flow
Chapter 6 Accounting for Long-Term Operational Assets
Chapter 7 Accounting for Liabilities
Chapter 8 Proprietorships, Partnerships, and Corporations
Chapter 9 Financial Statement Analysis
Chapter 10 An Introduction to Managerial Accounting
International edition Chapter 11 Cost Behavior, Operating Leverage, and Profitability
analysis
NEW *9780078110856* Chapter 12 Cost Accumulation, Tracing and Allocation
Chapter 13 Relevant Information for Special Decisions
Chapter 14 Planning for Profit and Cost Control
Chapter 15 Performance Evaluation
SURVEY OF ACCOUNTING Chapter 16 Planning for Capital Investments
3rd Edition Appendix A Accessing the EDGAR Database through the Internet
Appendix B Portion of the Form 10-K for Target Corporation
By Thomas P Edmonds, University of Alabama Appendix C The Double-Entry Accounting System
at Birmingham, Philip R Olds, Virginia Com-
monwealth University, Frances M McNair,
Mississippi State University and Bor-Yi Tsay,
University of Alabama at Birmingham
International edition
2012 (January 2011) / 672 pages ACCOUNTING
ISBN: 9780078110856 What the Numbers Mean, 9th Edition
ISBN: 9780071315050 [IE] By David Marshall, Millikin University, Wayne William McManus,
International College of the Cayman Islands and Daniel Viele, Webster
www.mhhe.com/edmondssurvey3e University
Survey of Accounting, 3rd edition, is designed to cover both financial 2011 (January 2010) / 784 pages
and managerial accounting in a single 16-week course, presenting ISBN: 9780073527062
the material in a style easy for non-accounting majors to grasp. It
ISBN: 9780071221023 [IE]
incorporates the same pedagogical innovations that have made Ed-
monds’ financial and managerial titles such fast-growing successes in www.mhhe.com/marshall9e
the marketplace, including his unique Horizontal Financial Statements
Model and a multiple accounting cycle approach that demonstrates Accounting has become known as the language of business. This new
the impact of related events over a series of accounting cycles. edition is written to meet the needs of those students who will not be
accountants but who do need to understand accounting to learn the
key language that embarks us in the business world. Marshall, the
New to this edition
leading text in the Survey market, takes readers through the basics:
™™ Reorganized the content to more closely follow a traditional bal- what accounting information is, what it means, and how it is used. In
ance sheet sequencing approach: the first three chapters introduce using this text, students examine financial statements and discover
what they do and do not communicate. This enables them to gain
the accounting cycle for service and merchandising businesses.
the crucial decision-making and problem-solving skills they need in
Thereafter, topics are presented in the order they normally appear order to succeed in a professional environment. The new edition still
in a balance sheet: accounting for assets, accounting for liabilities, has a strong focus on Return on Investment while updated content
and accounting for equity. is integrated throughout.
™™ Topics associated with corporate governance moved from
Contents
Chapter 2 to Chapter 4.
Chapter 1. Accounting—Present and Past
™™ Chapter 4 now includes coverage of Accounting for Cash, Internal Part 1 Financial Accounting
Controls, and Ethics. Chapter 2. Financial Statements and Accounting Concepts/Principles
™™ Accounting for Inventory Cost Flow was moved from Chapter Chapter 3. Fundamental Interpretations Made From Financial State-
4 into Chapter 5. ment Data
Chapter 4. The Bookkeeping Process and Transaction Analysis
™™ Chapter 5 now includes Accounting for Receivables and Inven- Chapter 5. Accounting for and Presentation of Current Assets
tory Cost Flow. Chapter 6. Accounting for and Presentation of Property, Plant and
Equipment, and other Noncurrent Assets
™™ Consolidated coverage of Financial Ratios into a single Chapter
Chapter 7. Accounting for and Presentation of Liabilities
(Chapter 9).
Chapter 8. Accounting for and Presentation of Owners’ Equity
™™ Added basic coverage of auditing practices in Chapter 4. Chapter 9. The Income Statement and the Statement of Cash Flows
Chapter 10. Corporate Governance, Explanatory Notes and Other
™™ Added coverage of bond discounts and premiums in Chapter 7.
Disclosures
™™ Coverage of manufacturing costs flow through raw materials, Chapter 11. Financial Statement Analysis
work-in-process, and finished goods inventory is in Chapter 10. Part 2 Managerial Accounting
Chapter 12. Managerial Accounting and Cost-Volume-Profit Analysis
™™ The Analyze, Think, Communicate sections now include a busi- Chapter 13. Cost Accounting and Reporting
ness application case, a group assignment, a research assignment, Chapter 14. Cost Planning
a writing assignment, and an ethics case in each chapter. Chapter 15. Cost Control
Chapter 16. Costs for Decision Making
Contents
Epilogue: Accounting—The Future
Chapter 1 An Introduction to Accounting
Chapter 2 Understanding the Accounting Cycle

58
Accounting

Aust Adaptation MBA Managerial


ACCOUNTING: WHAT THE NUMBERS MEAN
Revised 2nd Edition
By Marshall (US Author), Jean McCartney, University of Western Sydney,
Dianne Van Rhyn, Murdoch University, Wayne McManus (US Author) and
Daniel Viele (US Author)
2009
International edition
ISBN: 9780070997394
McGraw-Hill Australia Title ACCOUNTING FOR DECISION-MAKING AND
CONTROL
www.mhhe.com/au/marshall2r
7th Edition
Winner: Best Tertiary title (Adaptation) - Australian Publishing Awards By Jerold Zimmerman, University of Rochester
2008. The judges particularly praised the book as follows: “the wrap- 2011 (January 2010) / 720 pages
around jacket is a really good feature with identification of the needs
of students. The learning objectives are graded and the chapters are ISBN: 9780078136726
well structured. Everything is tied into the learning objectives and is ISBN: 9780071289641 [IE]
graded accordingly”.
www.mhhe.com/zimmerman7e
This accessible introduction to accounting retains a practical balance Accounting for Decision Making and Control provides students and
between accounting theory and practice. Taking a transaction analysis managers with an understanding appreciation of the strengths and
approach Accounting: What The Numbers Mean is ideally suited for limitations of an organization’s accounting system. This book provides
the one–semester introductory accounting unit. These courses are a framework for thinking about accounting systems and a basis for
typically taken by non-accounting majors, as well as postgraduate analyzing proposed changes to these systems. The Seventh Edition
and MBA students. The strengths of the first edition - such as the demonstrates that managerial accounting is an integral part of the
clarity of the pedagogy and writing style - have been maintained. To firm’s organizational architecture, not just an isolated set of compu-
aid learning, chapters have been streamlined and greater coverage tational topics. The purpose of this text is to provide students and
of ratio analysis included, whilst debits and credits material has been managers with an understanding and appreciation of the strengths and
retained in the appendix. limitations of an organization’s accounting system, thereby allowing
them to be more intelligent users of these systems. The main purpose
Contents proposed by the author remains in tact for the Seventh Edition.
Part 1: Financial Accounting
Contents
1. Financial accounting
2. Financial statements and accounting concepts/principles Chapter 1) Introduction
3. The accounting process Chapter 2) The nature of costs
4. Accounting for and presentation of current assets Chapter 3) Opportunity cost of capital and capital budgeting
5. Accounting for and presentation of property, plant, and equipment, Chapter 4) Organizational architecture
and other non-current assets Chapter 5) Responsibility accounting and transfer pricing
6. Accounting for and presentation of liabilities Chapter 6) Budgeting
7. Owners’ equity Chapter 7) Cost allocation: Theory
8. The income statement and the cash flow statement Chapter 8) Cost allocation: Practices
9. Governance and other information Chapter 9) Absorption cost system
10. Fundamental interpretations Chapter 10) Criticisms of absorption cost systems: Incentives to
11. Financial statement analysis overproduce
Part 2: Management Accounting Chapter 11) Criticisms of absorption cost systems: Inaccurate product
12. Management accounting, cost-volume-profit relationships and costs
short-term decision making Chapter 12) Standard costs: Direct labor and materials
13. Cost accounting and reporting systems Chapter 13) Overhead and marketing variances
14. Cost analysis for planning and control Chapter 14) Management accounting in a changing environment
Appendices
Appendix 1. CFK Annual report for the year ended 30 June 2006
Appendix 2. From transaction analysis to debits and credits
Appendix 3. Solutions to ‘What does it mean?’, ‘So what do you think?’
and Multiple-choice Questions
Glossary
Index

REVIEW COPY
(Available for course adoption only)
To request for a review copy,
ƒƒ contact your local McGraw-Hill
representatives or,
ƒƒ fax the Review Copy Request Form found
in this catalog or,
ƒƒ e-mail your request to
mghasia_sg@mcgraw-hill.com or,
ƒƒ submit online at www.mheducation.asia

59
Accounting

MBA Principles Corporate Financial


Reporting

International edition
ACCOUNTING NEW *9780078110863*
Texts and Cases, 13th Edition
By Robert Anthony and David Hawkins of Harvard Business School, Ken-
neth Merchant, University of Southern California FINANCIAL REPORTING AND
2011 (May 2010) / 944 pages ANALYSIS
ISBN: 9780073379593 5th Edition
ISBN: 9780071289092 [IE]
www.mhhe.com/anthony13e By Lawrence Revsine, Northwestern University,
Daniel W Collins and Bruce Johnson of Univer-
Accounting: Text & Cases is a product of lifelong dedication to the sity of Iowa-Iowa City and Fred Mittelstaedt,
discipline of accounting. Covering both financial and managerial ac- University of Notre Dame
counting as well as broader managerial issues, the book incorporates
a breadth of experience that is sure to enrich your course and your 2012 (January 2011) / 1120 pages
students. The approximately 109 cases that make up most of the end
ISBN: 9780078110863
of chapter material are combination of classic Harvard style cases and
extended problems, with 12 complete new cases added to the 13th www.mhhe.com/revsine5e
edition. The text is covered as two parts. Part 1 deals with chapters
1 -14 which cover financial accounting, while part 2 covers Chapters Financial Reporting & Analysis (FR&A) by Revsine/Collins/Johnson/
15-28 which in essence is associated with management accounting. Mittelstaedt emphasizes both the process of financial reporting and
The tale end of part 2 also focuses on broader issues of control and the analysis of financial statements. This book employs a true “user”
corporate strategy. Both parts have been updated to reflect the cur- perspective by discussing the contracting and decision implications of
rent changes relevant to Accounting. accounting and this helps readers understand why accounting choices
matter and to whom. Revsine, Collins, Johnson, and Mittelstaedt train
their readers to be good financial detectives, able to read, use, and
Contents
interpret the statements and-most importantly understand how and
Part One: Financial Accounting why managers can utilize the flexibility in GAAP to manipulate the
1. The Nature and Purpose of Accounting numbers for their own purposes. Significantly, the new edition em-
2. Basic Accounting Concepts: The Balance Sheet phasizes the differences and similarities between GAAP and IFRS,
3. Basic Accounting Concepts: The Income Statement which is a critical component of this course.
4. Accounting Records and Systems
5. Revenue and Monetary Assets New to this edition
6. Cost of Sales and Inventories ™™ New Global Vantage Point sections have been added to most
7. Long-Lived Nonmonetary Assets and Their Amortization chapters that
8. Sources of Capital: Debt
9. Sources of Capital: Owners’ Equity ™™ identify key differences between U.S. GAAP and IFRS
10. Other Items That Affect Net Income and Owners’ Equity
™™ discuss financial statement excerpts of companies that follow
11. The Statement of Cash Flows
IFRS
12. Acquisitions and Consolidated Statements
13. Financial Statement Analysis ™™ summarize proposed new accounting standards issued by the
14. Understanding Financial Statements FASB and/or the IASB as part of their convergence project
Part Two: Management Accounting
™™ References to both the FASB Accounting Standards Codification
15. The Nature of Management Accounting
TM and the underlying pre-Codification U.S. GAAP literature have
16. The Behavior of Costs
been added
17. Full Costs and Their Uses
18. Additional Aspects of Product Costing Systems ™™ All FASB and IASB standards, exposure drafts, and discussion
19. Standard Costs, Variable Costing Systems, Quality Costs, and papers released through October 2010 have been covered
Joint Costs
20. Production Cost Variance Analyses ™™ Discussion of the 2008 global financial crisis and how it affected
21. Other Variance Analysis accounting measurements is included
22. Control: The Management Control Environment ™™ New or updated company examples are incorporated throughout
23. Control: The Management Control Process the book
24. Strategic Planning and Budgeting
25. Reporting and Evaluation ™™ New and revised end-of-chapter materials including exercises,
26. Short-Run Alternative Choice Decisions problems, and cases tied to Global Vantage Points or to proposed
27. Longer-Run Decisions: Capital Budgeting new FASB and IASB standards have been added
28. Management Accounting System Design
Contents
Chapter 1 The Economic and Institutional Setting for Financial
Reporting
Chapter 2 Accrual Accounting and Income Determination
Chapter 3 Additional Topics in Income Determination
Chapter 4 Structure of the Balance Sheet and Statement of Cash
Flows
Chapter 5 Essentials of Financial Statement Analysis

60
Accounting

Chapter 6 The Role of Financial Information in Valuation and Credit


Risk Assessment Other Accounting
Chapter 7 The Role of Financial Information in Contracting
Chapter 8 Receivables
Chapter 9 Inventories
Chapter 10 Long-Lived Assets
Chapter 11 Financial Instruments as Liabilities International edition
Chapter 12 Financial Reporting for Leases
Chapter 13 Income Tax Reporting
Chapter 14 Pensions and Postretirement Benefits
NEW *9780078136665*
Chapter 15 Financial Reporting for Owners’ Equity
Chapter 16 Intercorporate Equity Investments
Chapter 17 Statement of Cash Flows FORENSIC ACCOUNTINg
Appendix Time Value of Money and fraud examination
Index
2nd Edition

By William Hopwood, George Richard Young


and Jay Leiner of Florida Atlantic University-
Boca Raton

Management Control
2012 (April 2011) / 672 pages
ISBN: 9780078136665
ISBN: 9780071289320 [IE]
www.mhhe.com/hopwood2e
International edition Grounded firmly in real-world practice, Forensic Accounting provides
the most comprehensive view of fraud investigation on the market.
Where other books focus almost entirely on auditing and financial re-
MANAGEMENT CONTROL SYSTEMS porting, Hopwood, Young, and Leiner include a vast range of civil and
12th Edition criminal accounting fraud and related activities, from false business
By Robert N Anthony, Harvard Business School and Vijay Govindarajan, valuations and employer fraud to information security and counter-
Dartmouth College terrorism. The author team provide experience in fraud investigation
2007 (May 2006) / 784 pages that lends the book real-world perspective unmatched by any other.
ISBN: 9780073100890
ISBN: 9780071254106 [IE] New to this edition

Contents ™™ Coverage of the criminal justice system as it relates to accounting


is extensive, touching on areas such as forensic science, organized
Ch. 1 The Nature of Management Control Systems.
crime, litigation support, and expert testimony.
Part 1 The Management Control Environment.
Ch. 2 Understanding Strategy. ™™ In light of a general increase in the demand for fraud investigation
Ch. 3 Understanding Behavior in Organizations. services, the second edition adds 5 new chapters relating to fraud
Ch. 4 Responsibility Centers: Revenue and Expense Centers. investigation processes.
Ch. 5 Profit Centers.
Ch. 6 Transfer Pricing. ™™ A major distinction of the second edition is that it follows a
Ch. 7 Measuring and Controlling Assets Employed. process-oriented approach. Flow charts are present throughout Part
Part 2 The Management Control Process. II (Chapters 5-12) to graphically illustrate the sequence of steps fol-
Ch. 8 Strategic Planning. lowed in fraud investigations.
Ch. 9 Budget Preparation.
Contents
Ch. 10 Analyzing Financial Performance Reports.
Ch. 11 Performance Measurement. Part One: Introduction to Forensic Accounting and Fraud Ex-
Ch. 12 Management Compensation. amination
Part 3 Variations in Management Control. 1. Introduction to Forensic Accounting and Fraud Examination
Ch. 13 Controls for Differentiated Strategies. 2. The Forensic Accounting Legal Environment
Ch. 14 Service Organizations. 3. Fundamentals 1: Accounting Information Systems
Ch. 15 Multinational Organizations. Ch. 16 Management Control of 4. Fundamentals 2: The Auditing Environment
Projects Part Two: Fraud Examination Theory, Practice, and Methods
5. Fraud Prevention and Risk Management
6. Fraud Detection
7. The Fraud Investigation and Engagement Processes
8. The Evidence Collection Process
9. Fraud Examination Evidence I: Physical, Documentary, and Ob-
servational Evidence
10. Fraud Examination Evidence II: Interview and Interrogation
Methods
11. Fraud Examination III: Forensic Science and Computer Forensics
12. The Fraud Report, Litigation, and the Recovery Process
Part Three: Occupational and Organizational Fraud
13. Employee, Vendor, and Other Frauds against the Organization
14. Financial Statement Fraud
15. Fraud and SOX Compliance
Part Four: Specialized Fraud Areas

61
Accounting

16. Tax Fraud Cash & credit journals BSBFIA401A


17. Bankruptcy, Divorce, Identity Theft, and Loan and Insurance Fraud General journal entries BSBFIA401A
18. Organized Crime, Counterterrorism, and Antimoney-Laundering Postings to ledger accounts and the trial balance BSBFIA401A
Part Five: Other Forensic Accounting Services Accounting for debtors and creditors, accruals and subsidiary ledgers
19. Business Valuation FSACCT302A, FNSBKPG403A
20. Dispute Resolution Services Trial tests No. 1 and No. 2
Prepare Business Activity Statements for GST and Income Tax instal-
ments FNSBKPG404A
Controls over cash and a petty cash system FNSBKPG402A
Bank reconciliations FNSBKPG404A
ETHICAL OBLIGATIONS AND DECISION- Establish and maintain a manual payroll system FNSBKPG405A
MAKING IN ACCOUNTING Maintain inventory records FNSACCT405A
Text and Cases, 2nd Edition Register of Property and maintaining asset records BSBFIA401A
Establish and maintain an accrual accounting system, including bal-
By Steven M Mintz, Claremont McKenna College and Roselyn Morris,
Texas State University-San Marcos ance adjustments BSBFIA401A
2011 (October 2010) / 512 pages Worksheets, the Revenue Statement and the Balance Sheet BSB-
FIA401A
ISBN: 9780078025280
Trial tests
www.mhhe.com/mintz2e
The overriding philosophy of this text is that the ethical obligations
of accountants and auditors are best understood in the context of
professional responsibilities including one’s role in the corporate
governance system, the requirements of financial reporting, the audit SCHAUM’S OUTLINE OF BOOKKEEPING
function, obligations to prevent and detect fraud, and legal liabilities. AND ACCOUNTING
Ethical Obligations and Decision Making in Accounting was written
to guide accountants past a scandal filled age. Our book is entirely 4th Edition
devoted to helping students cultivate the ethical commitment needed By Joel J Lerner, Sulivan County Community College and Rajul Gokarn
to ensure that their work meets the highest standards of integrity, 2010 (September 2009) / 480 pages
independence, and objectivity. Ethical Obligations and Decision Mak- ISBN: 9780071635363
ing in Accounting is designed to provide the instructor with the best
flexibility and pedagogical effectiveness of any book on the market. A Schaum Publication
To that end, it includes numerous features designed to make both Schaum’s Outline of Bookkeeping and Accounting is the ideal review
learning and teaching easier. and reference for your accounting class. Inside you’ll find explanations
of the subject’s fundamentals and topics such as financial analysis,
Contents preparing cash flow statements, and the distinction between account-
ing for perpetual and periodic inventory system. It also includes a
Chapter 1 – Ethical Reasoning: Implications for Accounting
chapter on the most popular accounting software, which accounting
Chapter 2 – Accountants’ Ethical Decision Process and Professional students are expected to master before they graduate.
Judgment
Chapter 3 – Corporate Governance and Ethical Management Contents
Chapter 4 – AICPA Code of Professional Conduct
Chapter 5 – Audit Responsibilities and Accounting Fraud 1. Assets, Liabilities, and Capital
Chapter 6 – Legal and Regulatory Obligations in an Ethical Framework 2. Debits and Credits: The Double-Entry System
Chapter 7 – Earnings Management and the Quality of Financial 3. Journalizing and Posting Transactions
Reporting 4. Financial Statements
Chapter 8 – International Financial Reporting: Ethics and Corporate 5. Adjusting and Closing Procedures
Governance Considerations 6. Computer Application: Peachtree Complete® Software Introduction
Major Cases 7. Repetitive Transaction: The Sales and the Purchases Journals
8. The Cash Journal
9. Summarizing and Reporting via the Worksheet
10. The Merchandising Company
11. Costing Merchandise Inventory
ACCOUNTING AND BOOKKEEPING 12. Pricing Merchandise
13. Negotiable Instruments
Principles and Practice 14. Controlling Cash
By Association of Accounting Technicians AAT and David Willis 15. Payroll
2010 (September 2010) 16. Property, Plant, and Equipment: Depreciation
ISBN: 9780071013932 (with Workbook) 17. The Partnership
McGraw-Hill Australia Title 18. The Corporation
www.mhhe.com/au/bookkeeping
Accounting and Bookkeeping Principles and Practice provides a
complete course for Certificate IV Financial Services (Bookkeeping)
in the FNS10 Financial Services Training Package. It covers all the
main requirements of the Tax Practitioners Board to enable registration
as a provider of BAS services in Australia. This text is also a useful
resource for students of a wide range of introductory accounting
courses. Featuring a student-friendly writing style and a wealth of
exercises, this is the perfect text for VET-level bookkeeping students.

Contents
Introduction BSBFIA401A
Source documents and Goods and Services Tax (GST) BSBFIA401A,
FNSBKPG402A, FNSBKPG404A

62
FINANCE, INSURANCE & REAL ESTATE
Bank Management..............................................................................................95
Behavioral Finance..............................................................................................97
Business Finance................................................................................................83
Cases in Corporate Finance................................................................................87
Derivatives / Futures & Options...........................................................................91
Finance for the Non-Financial Managers..........................................................101
Financial Institutions and Markets.......................................................................93
Financial Institutions Management......................................................................93
Financial Planning...............................................................................................97
Financial System...............................................................................................103
International Financial Management...................................................................96
Investments - Graduate.......................................................................................87
Investments - Supplementary..............................................................................86
Investments - Textbooks......................................................................................83
Managerial & Corporate Finance - Graduate......................................................79
Managerial & Corporate Finance - Supplements................................................77
Managerial & Corporate Finance - Textbooks.....................................................65
Mathematics of Finance....................................................................................102
Money and Capital Markets.................................................................................89
Personal Finance................................................................................................98
Portfolio Management.........................................................................................90
Professional References...................................................................................106
Real Estate Finance / Investment.....................................................................106
Real Estate Principles, Analysis & Management...............................................105
Risk Management.............................................................................................102
Upper Division Insurance..................................................................................105

63
New Titles

FINANCE, INSURANCE & REAL ESTATE


2013 Author ISBN Page
Bank Management & Financial Services, 9e Rose 9780078034671 95

Fundamentals of Corporate Finance: Alternate Edition, 10e Ross 9780077479459 65

Fundamentals of Corporate Finance: Standard Edition, 10e Ross 9780078034633 66

Personal Finance Walker 9780073530659 98

FINANCE, INSURANCE & REAL ESTATE


2012 Author ISBN Page
Fundamentals of Corporate Finance, 7e Brealey 9780078034640 67

Finance: Applications and Theory, 2e Cornett 9780073530673 68

M: Finance Cornett 9780073382241 69

International Financial Management, 6e Eun 9780078034657 96

Fundamentals of Cororate Finance, 5e [UK Adaptation] Firer 9780077134525 71

Analysis for Financial Management, 10e Higgins 9780078034688 71, 101

Fundamentals of Investment Management, 10e Hirt 9780078034626 83

Fundamentals of Investments, 6e Jordan 9780073530710 83

Personal Finance, 10e Kapoor 9780073530697 99

Financial Markets & Institutions, 5e Saunders 9780078034664 93

FINANCE, INSURANCE & REAL ESTATE


2011 Author ISBN Page
Financial Mathematics for Actuaries [Asian Pub] Chan 9780071288934 102

Managing Your Personal Finance [Asian Pub] Chan 9780071078863 100

Financial Markets and Corporate Strategy, 2e [UK Adaptation] Hillier 9780077129422 72

Fundamentals of Corporate Finance [UK] Hillier 9780077125257 73

Financial Management: Text, Problems and Cases, 6e [India] Khan 9780071067850 73, 80

Futures and Options [Asian Pub] Parameswaran 9780071313643 91

Fundamentals of Corporate Finance: An Asian Perspective [Asian Pub] Ross 9780071088022 74

Security Analysis and Portfolio Management [India] Sasidharan 9780071078016 90

Understanding Mutual Funds [India] Shashikant 9780071333481 85

64
Finance, Insurance & Real Estate

Managerial & Corporate personalized one-on-one tutor experience.


ƒƒ NEW! Interactive Applications stimulate critical thinking and rein-
Finance - Textbooks force key concepts, and students receive immediate feedback and
can track their progress in their own report. Students will be asked
to “click and drag” specific choices to make decisions, categorize,
or put in a time sequence, and then are asked multiple-choice ques-
tions to confirm understanding of the key concepts of the activity.
ƒƒ NEW! Select key problems offer Guided Examples next to the
NEW assigned problems to show how to work through a similar prob-
*9780077479459* lem. Students can learn from this video to then solve their own
assigned problems
ƒƒ Detailed Feedback offers the option to present worked-out solutions
FUNDAMENTALS OF to the problem, showing the students each step of the process.
CORPORATE FINANCE Appropriate chapters and problems include calculator keystroke
Alternate Edition, 10th Edition solutions in addition to formulas.
ƒƒ A Self Quiz and Study program allows students to evaluate their
performance through a practice test and then receive recommen-
By Stephen A Ross, Mass institute of Tech,
Randolph W Westerfield, University of Southern dations for specific readings from the text, supplemental study
California and Bradford D Jordan, University of material, and practice work that will improve their mastery of each
Kentucky-Lexington learning objective.
ƒƒ Pre-built assignments are available to save you set up time.
2013 (January 2012) / 992 pages ™™ Connect Plus Finance. This packaging option combines all the
ISBN: 9780077479459 (Alternate Edition) great features of Connect Finance, along with access to an online
The best-selling Fundamentals of Corporate Finance (FCF) has three version of Fundamentals of Corporate Finance, 10e, so that students
basic themes that are the central focus of the book: can easily refer back to the text for review and guidance. This media
rich e-book links directly to tutorials and online resources.
1) An emphasis on intuition—the authors separate and explain the
principles at work on a common sense, intuitive level before launch- ™™ Excel Master for Fundamentals of Corporate Finance. This sup-
ing into any specifics. plement, free to students and delivered from the text’s website, goes
far beyond existing spreadsheet tutorials. It expertly demonstrates to
2) A unified valuation approach—net present value (NPV) is treated students how to use the most powerful tools in Excel to do professional
as the basic concept underlying corporate finance. quality financial analysis. Excel Master is fully integrated with the
textbook such that every suitable topic in the text is covered in depth.
3) A managerial focus—the authors emphasize the role of the financial The result is that students end up learning corporate finance and
manager as decision maker, and they stress the need for managerial spreadsheet techniques at the same time. New to this edition, icons
input and judgment. in the sidebar identify concepts and skills covered in this program.

The Tenth Edition continues the tradition of excellence that has earned ™™ Self Quiz and Study end-of-chapter feature. This new end-of-
Fundamentals of Corporate Finance its status as market leader. Every chapter feature gives students a quick overview of what resources
chapter has been updated to provide the most current examples that are available in McGraw-Hill Connect’s Self Quiz and Study program.
reflect corporate finance in today’s world. The supplements package Students get a glimpse of practice questions, the additional assets
has been updated and improved, and with the enhanced Connect available to help students study and master the content, and the ad-
Finance and Excel Master, student and instructor support has never
dress to log on for more practice. This can be a great way to engage
been stronger.
your Connect-using students in Corporate Finance!
New to this edition ™™ Updated Topic Coverage:
™™ McGraw-Hill’s Connect Finance offers a number of powerful ƒƒ Chapter 3 – defines enterprise value (EV) and discusses the widely
tools and features to make managing assignments easier, so you used EV-EBITDA ratio, and includes new end of chapter questions
can spend more time teaching. Students can engage with their on industry-specific ratios and EV-EBITDA ratio
coursework anytime and anywhere, making the learning process ƒƒ Chapter 8 – a new section illustrates using PE and price/sales ratios
more accessible and efficient. In short, Connect Finance facilitates for equity valuation. More than ten new end-of-chapter problems
student learning and optimizes your time and energies, enabling you reflect this new content.
to focus on course content, teaching, and student learning. Connect ƒƒ Chapter 23 - new material on enterprise risk management (ERM)
for Ross/Westerfield/Jordan has been expanded with new learning and the use of insurance as an RM tool.
resources for your students. ƒƒ See book preface for a complete list of changes
ƒƒ Create and deliver online, auto-graded homework assignments, CONTENTS
quizzes, and tests directly from the end-of-chapter materials or Part One: Overview of Corporate Finance
test bank. Problems are available as both static and algorithmic Chapter 1: Introduction to Corporate Finance
problems, and there are also multiple-choice conceptual questions. Chapter 2: Financial Statements, Taxes, and Cash Flow
ƒƒ Students receive immediate, detailed feedback on their assign- Part Two: Financial Statements and Long-Term Financial Plan-
ments, allowing them to focus on the areas where they need ning
improvement. Chapter 3: Working with Financial Statements
ƒƒ Questions mapped to AACSB skill areas, Bloom’s Taxonomy levels, Chapter 4: Long-Term Financial Planning and Growth
and difficulty level enable you to run reports that assess specific Part Three: Valuation of Future Cash Flows
learning outcomes. Chapter 5: Introduction to Valuation: The Time Value of Money
ƒƒ NEW! LearnSmart ensures your students are learning faster, study- Chapter 6: Discounted Cash Flow Valuation
ing more efficiently, and retaining more knowledge. It pinpoints Chapter 7: Interest Rates and Bond Valuation
concepts the student does not understand and maps out a person- Chapter 8: Stock Valuation
alized study plan for success. Based on students’ self-diagnoses Part Four: Capital Budgeting
of their proficiency, LearnSmart intelligently provides students Chapter 9: Net Present Value and Other Investment
with a series of adaptive questions. This provides students with a Criteria

65
Finance, Insurance & Real Estate

Chapter 10: Making Capital Investment Decisions more accessible and efficient. In short, Connect Finance facilitates
Chapter 11: Project Analysis and Evaluation student learning and optimizes your time and energies, enabling you
Part Five: Risk and Return to focus on course content, teaching, and student learning. Connect
Chapter 12: Some Lessons from Capital Market History for Ross/Westerfield/Jordan has been expanded with new learning
Chapter 13: Return, Risk, and the Security Market Line resources for your students.
Part Six: Cost of Capital and Long-Term Financial Policy ƒƒ Create and deliver online, auto-graded homework assignments,
Chapter 14: Cost of Capital quizzes, and tests directly from the end-of-chapter materials or
Chapter 15: Raising Capital test bank. Problems are available as both static and algorithmic
Chapter 16: Financial Leverage and Capital Structure Policy problems, and there are also multiple-choice conceptual questions.
Chapter 17: Dividends and Payout Policy ƒƒ Students receive immediate, detailed feedback on their assign-
Part Seven: Short-Term Financial Planning and Management ments, allowing them to focus on the areas where they need
Chapter 18: Short-Term Finance and Planning improvement.
Chapter 19: Cash and Liquidity Management ƒƒ Questions mapped to AACSB skill areas, Bloom’s Taxonomy levels,
Chapter 20: Credit and Inventory Management and difficulty level enable you to run reports that assess specific
Part Eight: Topics in Corporate Finance learning outcomes.
Chapter 21: International Corporate Finance ƒƒ NEW! LearnSmart ensures your students are learning faster, study-
Chapter 22: Behavioral Finance: Implications for Financial Manage- ing more efficiently, and retaining more knowledge. It pinpoints
ment concepts the student does not understand and maps out a person-
Chapter 23: Enterprise Risk Management alized study plan for success. Based on students’ self-diagnoses
Chapter 24: Options and Corporate Finance of their proficiency, LearnSmart intelligently provides students
Chapter 25: Option Valuation with a series of adaptive questions. This provides students with a
Chapter 26: Mergers and Acquisitions personalized one-on-one tutor experience.
Chapter 27: Leasing ƒƒ NEW! Interactive Applications stimulate critical thinking and rein-
force key concepts, and students receive immediate feedback and
can track their progress in their own report. Students will be asked
to “click and drag” specific choices to make decisions, categorize,
or put in a time sequence, and then are asked multiple-choice ques-
tions to confirm understanding of the key concepts of the activity.
NEW *9780078034633* ƒƒ NEW! Select key problems offer Guided Examples next to the
assigned problems to show how to work through a similar prob-
lem. Students can learn from this video to then solve their own
assigned problems
FUNDAMENTALS OF ƒƒ Detailed Feedback offers the option to present worked-out solutions
CORPORATE FINANCE to the problem, showing the students each step of the process.
Standard Edition, 10th Edition Appropriate chapters and problems include calculator keystroke
solutions in addition to formulas.
By Stephen A Ross, Mass institute of Tech, ƒƒ A Self Quiz and Study program allows students to evaluate their
Randolph W Westerfield, University of Southern performance through a practice test and then receive recommen-
California and Bradford D Jordan, University of dations for specific readings from the text, supplemental study
Kentucky-Lexington material, and practice work that will improve their mastery of each
learning objective.
2013 (January 2012) / 800 pages ƒƒ Pre-built assignments are available to save you set up time.
ISBN: 9780078034633 (Standard Edition) ™™ Connect Plus Finance. This packaging option combines all the
www.mhhe.com/rwjfund10e great features of Connect Finance, along with access to an online
version of Fundamentals of Corporate Finance, 10e, so that students
The best-selling Fundamentals of Corporate Finance (FCF) has three
basic themes that are the central focus of the book: can easily refer back to the text for review and guidance. This media
rich e-book links directly to tutorials and online resources.
1) An emphasis on intuition—the authors separate and explain the ™™ Excel Master for Fundamentals of Corporate Finance. This sup-
principles at work on a common sense, intuitive level before launch- plement, free to students and delivered from the text’s website, goes
ing into any specifics.
far beyond existing spreadsheet tutorials. It expertly demonstrates to
students how to use the most powerful tools in Excel to do professional
2) A unified valuation approach—net present value (NPV) is treated
as the basic concept underlying corporate finance. quality financial analysis. Excel Master is fully integrated with the
textbook such that every suitable topic in the text is covered in depth.
3) A managerial focus—the authors emphasize the role of the financial The result is that students end up learning corporate finance and
manager as decision maker, and they stress the need for managerial spreadsheet techniques at the same time. New to this edition, icons
input and judgment. in the sidebar identify concepts and skills covered in this program.

The Tenth Edition continues the tradition of excellence that has earned ™™ Self Quiz and Study end-of-chapter feature. This new end-of-
Fundamentals of Corporate Finance its status as market leader. Every chapter feature gives students a quick overview of what resources
chapter has been updated to provide the most current examples that are available in McGraw-Hill Connect’s Self Quiz and Study program.
reflect corporate finance in today’s world. The supplements package Students get a glimpse of practice questions, the additional assets
has been updated and improved, and with the enhanced Connect available to help students study and master the content, and the ad-
Finance and Excel Master, student and instructor support has never dress to log on for more practice. This can be a great way to engage
been stronger. your Connect-using students in Corporate Finance!

New to this edition ™™ Updated Topic Coverage:

™™ McGraw-Hill’s Connect Finance offers a number of powerful ƒƒ Chapter 3 – defines enterprise value (EV) and discusses the widely
tools and features to make managing assignments easier, so you used EV-EBITDA ratio, and includes new end of chapter questions
can spend more time teaching. Students can engage with their on industry-specific ratios and EV-EBITDA ratio
coursework anytime and anywhere, making the learning process ƒƒ Chapter 8 – a new section illustrates using PE and price/sales ratios
for equity valuation. More than ten new end-of-chapter problems

66
Finance, Insurance & Real Estate

reflect this new content. New to this edition


ƒƒ Chapter 23 - new material on enterprise risk management (ERM)
™™ McGraw-Hill Connect Finance
and the use of insurance as an RM tool.
ƒƒ See book preface for a complete list of changes Connect Finance offers a number of powerful tools and features to
CONTENTS make managing assignments easier, so you can spend more time
teaching. Students can engage with their coursework anytime and
Part One: Overview of Corporate Finance anywhere, making the learning process more accessible and efficient.
Chapter 1: Introduction to Corporate Finance In short, Connect Finance facilitates student learning and optimizes
Chapter 2: Financial Statements, Taxes, and Cash Flow your time and energies, enabling you to focus on course content,
Part Two: Financial Statements and Long-Term Financial Plan- teaching, and student learning.
ning ƒƒ Create and deliver online, auto-graded homework assignments,
Chapter 3: Working with Financial Statements quizzes, and tests directly from the end-of-chapter materials or
Chapter 4: Long-Term Financial Planning and Growth test bank. Problems are available as both static and algorithmic
Part Three: Valuation of Future Cash Flows problems, and there are also multiple-choice conceptual questions.
Chapter 5: Introduction to Valuation: The Time Value of Money ƒƒ Students receive immediate, detailed feedback on their assign-
Chapter 6: Discounted Cash Flow Valuation ments, allowing them to focus on the areas where they need
Chapter 7: Interest Rates and Bond Valuation improvement.
Chapter 8: Stock Valuation ƒƒ Questions mapped to AACSB skill areas, Bloom’s Taxonomy levels,
Part Four: Capital Budgeting and difficulty level enable you to run reports that assess specific
Chapter 9: Net Present Value and Other Investment learning outcomes.
Criteria ƒƒ A Self Quiz and Study program allows students to evaluate their
Chapter 10: Making Capital Investment Decisions performance through a practice test and then receive recommen-
Chapter 11: Project Analysis and Evaluation dations for specific readings from the text, supplemental study
Part Five: Risk and Return material, and practice work that will improve their mastery of each
Chapter 12: Some Lessons from Capital Market History learning objective.
Chapter 13: Return, Risk, and the Security Market Line ƒƒ Pre-built assignments are available to save you set up time.
Part Six: Cost of Capital and Long-Term Financial Policy ƒƒ Guided Examples offer online student tutorials at the problem level.
Chapter 14: Cost of Capital They present a similar problem using either formulas, calculator, or
Chapter 15: Raising Capital Excel, next to the homework problem to help students understand
Chapter 16: Financial Leverage and Capital Structure Policy how to move forward.
Chapter 17: Dividends and Payout Policy ƒƒ Prep Courses, comprised of animated tutorial modules with quiz
Part Seven: Short-Term Financial Planning and Management questions, cover the subjects of Statistics, Math, Accounting,
Chapter 18: Short-Term Finance and Planning and Economics, and are intended to make sure students are up
Chapter 19: Cash and Liquidity Management to speed on these key concepts before exposing them to more
Chapter 20: Credit and Inventory Management complex subjects.
Part Eight: Topics in Corporate Finance
Chapter 21: International Corporate Finance ™™ Connect Plus Finance. This packaging option combines all the
great features of Connect Finance, along with access to an online
version of Fundamentals of Corporate Finance, linked to additional
study features, so that students can easily refer back to the text for
review and guidance.
™™ Updated Topic Coverage:
International edition ƒƒ To reflect the increased attention on agency theory and behavioral
finance, the material on efficient markets in Chapter 7 (Valuing
NEW *9780078034640* Stocks) now includes a section on price bubbles as well as a dis-
cussion of behavioral biases. Other topics that receive increased
emphasis include company valuation, real options, and stock
FUNDAMENTALS OF repurchases.
ƒƒ There are plenty of references in this edition to the crisis of 2007-
CORPORATE FINANCE 2009 and its impact on financial managers, and there are also
7th Edition many less dramatic examples of recent changes in the financial
landscape. For example, Chapter 3 (Accounting and Finance)
By Richard A Brealey, London Business School, includes a discussion of SOX, of mark-to-market accounting, and
Stewart C Myers, Mass Institute of Tech and of recent developments in international accounting standards.
Alan J Marcus, Boston College
ƒƒ All statistics have been updated when appropriate, including
measures of EVA, data on security ownership, bond yields, and
dividend and repurchase payouts.
2012 (September 2011) / 768 pages
™™ Improved Flow:
ISBN: 9780078034640
ISBN: 9780071314749 [IE] ƒƒ • Chapter 4 emphasizes how financial ratios are used in measuring
the value management has added to a firm. This context prevents
www.mhhe.com/bmm7e the chapter from becoming a tedious list of ratios. This introduction
Fundamentals of Corporate Finance, by Brealey, Myers and Marcus, prevents the chapter from becoming a tedious list of ratios.
provides students with a solid framework of theory and application to ƒƒ The discussion of the internal rate of return and its pitfalls in
use well after they complete the course. This author team is known Chapter 8 (Net Present Value and Other Investment Criteria) has
for their outstanding research, teaching efforts, and world-renowned been reworked to make the discussion of IRR flow more easily.
finance textbooks, so it’s no surprise that they provide clear exposition
™™ Spreadsheet Solutions Boxes demonstrate how students may
of difficult material without sacrificing up-to-date, technically correct
treatments. The seventh edition has been fully updated to reflect use Microsoft Excel to perform useful financial calculations dem-
recent events and is now available with Connect Finance! onstrate how students may use Microsoft Excel to perform useful
financial calculations. Questions have been added at the end of
each box so students can perform their own similar analysis to make

67
Finance, Insurance & Real Estate

sure they understand the concept. Students who need assistance


in using Microsoft Excel can refer to the student side of the Online International edition
Learning Center that contains a detailed Excel tutorial with spread-
sheet templates. NEW *9780073530673*
Contents
Part One Introduction
1 Goals and Governance of the Firm FINANCE: APPLICATIONS
2 Financial Markets and Institutions AND THEORY
3 Accounting and Finance 2nd Edition
4 Measuring Corporate Performance
Part Two Value By Marcia Millon Cornett, Boston University,
5 The Time Value of Money Troy Adair, Wilkes University and John Nofs-
6 Valuing Bonds inger, Washington State Univesity-Pullman
7 Valuing Stocks
8 Net Present Value and Other Investment Criteria
9 Using Discounted Cash-Flow Analysis to Make Investment Deci- 2012 (October 2011) / 736 pages
sions ISBN: 9780073530673
10 Project Analysis ISBN: 9780071314862 [IE]
Part Three Risk
11 Introduction to Risk, Return, and the Opportunity Cost of Capital www.mhhe.com/can2e
12 Risk, Return, and Capital Budgeting It’s About Time! Finally, there’s a corporate finance book that incorpo-
13 The Weighted-Average Cost of Capital and Company Valuation rates the newest technology to facilitate the learning process, saving
Part Four Financing time for instructors and students. The Second Edition continues to
14 Introduction to Corporate Financing provide the core topics for the course, highlighting personal examples
15 How Corporations Raise Venture Capital and Issue Securities just as instructors do during their class. New to this edition are unique
Part Five Debt and Payout Policy Quick Response (QR) codes that enable students with smartphones
to instantly access online help or explore topics further without ever
16 Debt Policy
leaving their page in the book. With Connect PlusTM Finance, stu-
17 Payout Policy dents can take self-graded practice quizzes, homework assignments,
Part Six Financial Analysis and Planning or tests, making the learning process more accessible and efficient. An
18 Long-Term Financial Planning integrated, printable eBook is also included in the package, allowing
19 Short-Term Financial Planning for anytime, anywhere access to the textbook. Isn’t it time to get the
20 Working Capital Management most out of a corporate finance text?
Part Seven Special Topics
21 Mergers, Acquisitions, and Corporate Control New to this edition
22 International Financial Management
™™ McGraw-Hill’s Connect Finance for Cornett/Adair/Nofsinger has
23 Options
been expanded and improved. Connect Finance offers a number of
24 Risk Management
powerful tools and features to make managing assignments easier,
Part Eight Conclusion
so you can spend more time teaching. Students can engage with their
25 What We Do and Do Not Know about Finance
coursework anytime and anywhere, making the learning process more
Appendix A
accessible and efficient. In short, Connect Finance facilitates student
Appendix B
learning and optimizes your time and energies, enabling you to focus
Glossary
on course content, teaching, and student learning.
Credits
Global Index ƒƒ Create and deliver online, auto-graded homework assignments,
Index quizzes, and tests directly from the end-of-chapter materials or
test bank. Problems are available as both static and algorithmic
problems, and there are also multiple-choice conceptual questions.
ƒƒ Students receive immediate, detailed feedback on their assign-
ments, allowing them to focus on the areas where they need
improvement.
ƒƒ Questions mapped to AACSB skill areas, Bloom’s Taxonomy levels,
and difficulty level enable you to run reports that assess specific
learning outcomes.
ƒƒ Guided Examples offer online student tutorials at the problem
level. They present a similar problem using formulas, calculator, or
Excel, next to the homework problem to help students understand
how to move forward.
ƒƒ Detailed Feedback offers the option to present worked-out solutions
Invitation to Publish to the problem, showing the students each step of the process.
Appropriate chapters and problems include calculator keystroke
solutions in addition to formulas.
McGraw-Hill is interested to review your
ƒƒ A Self Quiz and Study program allows students to evaluate their
textbook proposals for publication. performance through a practice test and then receive recommen-
Please contact your local McGraw-Hill office or dations for specific readings from the text, supplemental study
email to asiapub@mcgraw-hill.com. material, and practice work that will improve their mastery of each
learning objective.
Visit McGraw-Hill Education (Asia) ƒƒ Pre-built assignments are available to save you set up time.
Website: http://www.mheducation.asia/publish/ ƒƒ Prep Courses, comprised of animated tutorial modules with quiz
questions, cover the subjects of Statistics, Math, Accounting,
and Economics, and are intended to make sure students are up
to speed on these key concepts before exposing them to more

68
Finance, Insurance & Real Estate

complex subjects. Part VI: Capital Budgeting


™™ Connect Plus Finance. This packaging option combines all the Chapter 11: Calculating the Cost of Capital
great features of Connect Finance, along with access to an online Chapter 12: Estimating Cash Flows on Capital Budgeting Projects
version of Finance, 2e, so that students can easily refer back to the Chapter 13: Weighing Net Present Value and Other Capital Budget-
text for review and guidance. This media rich e-book links directly to ing Criteria
tutorials and online resources. Part VII: Capital Structure Issues
Chapter 14: Addressing Working Capital and Managing Short-Term
™™ Chapter Reorganization: Based on feedback from users and Assets and Liabilities
reviewers, the authors revised the Second Edition to follow instructors’ Chapter 15: Financial Planning and Forecasting
teaching strategy even more closely. Chapter 16: Assessing Long-term Debt, Equity, and Capital Structure
ƒƒ Understanding Financial Markets and Institutions has been moved Chapter 17: Sharing Firm Wealth: Dividends, Share Repurchases
from Chapter 8 to Chapter 6, to now precede the discussion of and Other Payouts
stocks and bonds. Chapter 18: Issuing Capital and the Investment Banking Process
ƒƒ Addressing Working Capital Policies and Managing Short-Term Part VIII: Other Topics in Finance
Assets and Liabilities (previously Chapter 17) has been moved Chapter 19: Considering International Aspects of Corporate Finance
adjacent to Chapter 13, Weighing Net Present Value and Other Chapter 20: Managing Mergers and Acquisitions and Financial
Capital Budgeting Criteria, for better tie-in with previous discussions Distress
of cash flows and capital budgeting techniques.
ƒƒ Financial Planning and Forecasting, previously a Web chapter, has
been moved to the book as Chapter 15.
ƒƒ Assessing Long-Term Debt, Equity, and Capital Structure (previ-
ously Chapter 14) has been moved adjacent to Financial Planning NEW *9780073382241*
and Forecasting to build on the idea of altering capital structure in
light of previous discussions of forecasting.
™™ Guided Examples provide online tutorials in short video format M: FINANCE
for each numbered Example in the book. There are five tutorials per
Example: By Marcia Millon Cornett, Boston University,
Troy Adair, Wilkes University and John Nofs-
ƒƒ One that talks through how to solve the example in the book; inger, Washington State Univesity-Pullman
ƒƒ One that talks through a similar example and stops at decision
points where students choose the next step;
ƒƒ Two that show how to solve the problem using two different finan-
cial calculators;
ƒƒ One that shows how to solve the problem in Excel.
2012 (January 2011) / 368 pages
New to the Second Edition, Quick Response (QR) codes enable ISBN: 9780073382241
students with smartphones to go directly to the Guided Example from
ISBN: 9780077506056 (with Connect Plus)
the actual page in the book.
www.mhhe.com/canM
™™ Viewpoints Extended expands on the popular Viewpoints feature
from 1e (see retained features below), and leverages a variety of M: Finance is a market-driven corporate finance book with the latest
in teaching and learning tools – all at an affordable price! With M:
media to provide an alternate look at each personal application raised.
Finance , students receive a cost-effective, easy to read, focused text
™™ Word forms of selected formulas have been added before the complete with study resources (both print and online) to help them
number form to provide an intuitive bridge for a variety of learning review for tests and apply chapter concepts. Professors receive a text
that contains all the pertinent information--yet in a more condensed
styles.
format that is easier to cover. In addition, online gradable assignments
™™ Numbered examples have been cross-referenced to similar end- are provided to utilize the power of the web, making projects more fun
of-chapter problems so students can easily model their homework. for students and automatically grade materials to support instructors.

™™ More than half of the numbers in the end-of-chapter problems Features


have been updated to provide variety and limit the transfer of answers
from previous classes. ™™ McGraw-Hill Connect Finance
ƒƒ Connect Finance offers a number of powerful tools and features
™™ Every chapter has been revised and updated to reflect the latest to make managing assignments easier, so you can spend more
data and ideas in Corporate Finance. A detailed chapter by chapter time teaching. Students can engage with their coursework anytime
change list is available by request. and anywhere, making the learning process more accessible and
Contents efficient. In short, Connect Finance facilitates student learning and
optimizes your time and energies, enabling you to focus on course
Part I: Introduction content, teaching, and student learning.
Chapter 1: Introduction to Financial Management ƒƒ Create and deliver online, auto-graded homework assignments,
Part II: Financial Statements quizzes, and tests directly from the end-of-chapter materials or
Chapter 2: Reviewing Financial Statements test bank. Problems are available as both static and algorithmic
Chapter 3: Analyzing Financial Statements problems, and there are also multiple-choice conceptual questions.
Part III: Valuing of Future Cash Flows ƒƒ Students receive immediate, detailed feedback on their assign-
Chapter 4: Time Value of Money 1: Analyzing Single Cash Flows ments, allowing them to focus on the areas where they need
Chapter 5: Time Value of Money 2: Analyzing Annuity Cash Flows improvement.
Part IV: Valuing of Bonds and Stocks ƒƒ Questions mapped to AACSB skill areas, Bloom’s Taxonomy levels,
Chapter 6 Understanding Financial Markets and Institutions and difficulty level enable you to run reports that assess specific
Chapter 7 Valuing Bonds learning outcomes.
Chapter 8 Valuing Stocks ƒƒ A Self Quiz and Study program allows students to evaluate their
Part V: Risk and Return performance through a practice test and then receive recommen-
Chapter 9: Characterizing Risk and Return dations for specific readings from the text, supplemental study
Chapter 10: Estimating Risk and Return material, and practice work that will improve their mastery of each

69
Finance, Insurance & Real Estate

learning objective. either direction. The Viewpoints Revisited feature in the book’s
ƒƒ Pre-built assignments are available to save you set up time. appendix provides a possible answer to the scenario and connects
ƒƒ Guided Examples offer online student tutorials at the problem level. the students back to the original goals of the chapter.
They present a similar problem using either formulas, calculator, or ƒƒ Select called-out Examples throughout the book will have a
Excel, next to the homework problem to help students understand personal perspective to continue the theme throughout the book.
how to move forward. ƒƒ Some end-of-chapter problems will also have personal perspec-
™™ Connect Plus Finance. This packaging option combines all the tives, so students will be able to solve problems in both business
great features of Connect Finance, along with access to an online and personal contexts.
version of M: Finance, linked to additional study features, so that ™™ Connecting Core Concepts:
students can easily refer back to the text for review and guidance. ƒƒ Learning Goals begin each chapter and are tied to end-of-chapter
™™ Student friendly design: M: Finance was written and designed problems. This helps the student follow the building of concepts,
with today’s student reader in mind. and also helps instructors develop their class and assign readings
and homework based on these goals. The Test Bank is also labeled
ƒƒ The layout and design provides the visual stimulation they’ve
with Learning Goals.
come to expect.
ƒƒ Finance at Work boxes highlight current events and hot topics
ƒƒ The content was written to focus on the key concepts only.
noted in the news, and include a Want to Know More? feature with
ƒƒ Pop-up quotes, marginal key terms/definitions, and callouts that
suggested words to use for searching the Internet for updates.
feature interesting and important facts are used throughout the
These are great for use during class for discussion or outside of
chapters to capture students’ attention.
class as homework assignments.
ƒƒ The examples provided have been selected for greater student
ƒƒ Time Out! boxes are featured at the end of each section and test
appeal.
students’ understanding of key terms and core concepts. Answers
™™ The book’s framework reflects the way instructors today teach to the Time Out! questions appear on the text Website.
the course, emphasizing three themes: ƒƒ Tables and Figures illustrate the material visually to help students
ƒƒ Finance is about Solving Problems and Decision-Making apply what they are learning and connecting concepts both within
ƒƒ Finance can be taught using the Personal Perspective and across chapters.
ƒƒ Finance is about connecting Core Concepts ƒƒ Questions are featured at the end of each chapter, and can be used
for discussion in-class to review chapter concepts or as homework.
™™ Solving Problems and Decision-Making:
ƒƒ The “Research It!” feature is found on the text website and is an
ƒƒ Interactive Examples: Online tutorials in short video format for each assignable project that requires students to research the web for
numbered Example in the book. data and other information to answer the questions.
ƒƒ There are five tutorials per Example: ƒƒ Minicases can also be found on the book Website.
ƒƒ One that talks through how to solve the example in the book;
ƒƒ One that talks through a similar example and stops at decision Contents
points and students choose the next step; 1. Introduction to Financial Management
ƒƒ Two that show how to solve the problem using two different finan- 2. Reviewing Financial Statements
cial calculators; 3. Analyzing Financial Statements
ƒƒ One that shows how to solve the problem in Excel. 4. Time Value of Money 1: Analyzing Single Cash Flows
ƒƒ Interactive Examples can be found on the text website at www. 5. Time Value of Money 2: Analyzing Annuity Cash Flows
mhhe.com/canm and within Connect Finance. Additionally, stu- 6. Valuing Bonds
dents can use their web-enabled, camera smartphone to “click” on 7. Valuing Stocks
the QR codes they see throughout the book to bring them directly 8. Understanding Financial Markets and Institutions
to the appropriate video! They’re also available within Connect to 9. Characterizing Risk and Return
help students solve the problems. 10. Estimating Risk and Return
ƒƒ End of Chapter Problems: A large quantity of end-of-chapter 11. Calculating the Cost of Capital
problems are organized so that every odd-numbered problem is 12. Estimating Cash Flows on Capital Budgeting Projects
mirrored by a similar even-numbered problem. This gives instruc- 13. Weighing Net Present value and Other Capital Budgeting Criteria
tors two different sets of similar problems to assign to different 14. Addressing Working Capital Policies and Managing Short-Term
sections or work in class. Assets and Liabilities
ƒƒ “Math Coach” boxes: coach students in avoiding the most com-
monly-made mistakes in a particular problem.
ƒƒ Called-out examples detail the solution to a key problem or concept
in the chapter.
ƒƒ Calculator Keystrokes are included in the margin next to these
examples if applicable, showing a quick snapshot of how to solve
the problem. This feature can easily be skipped if calculators are
not used for this class.
ƒƒ Self-Test Problems with Solutions are are available on the text
Website so students can test themselves before diving into the
homework.
ƒƒ AnIntegrated Mini-Case is available for each chapter on the text REVIEW COPY
Website, combining the concepts learned into a more integrative (Available for course adoption only)
problem to help students understand how everything ties together. To request for a review copy,
ƒƒ Formula Review Cards for key chapters are perforated to create ƒƒ contact your local McGraw-Hill
convenient study tools for students or can be used as exam “cheat representatives or,
sheets,” if the instructor chooses ƒƒ fax the Review Copy Request Form found
™™ Personal Perspective: in this catalog or,
ƒƒ e-mail your request to
ƒƒ The “Viewpoints” feature: at the beginning of each chapter illus-
mghasia_sg@mcgraw-hill.com or,
trates a business perspective of the upcoming topics and is mir-
ƒƒ submit online at www.mheducation.asia
rored by a personal perspective. This immediately sets a context
for the chapter and allows instructors to take class discussion in

70
Finance, Insurance & Real Estate

UK Adaptation International edition


NEW *9780077134525* NEW

fundamentals of corporate finance
*9780078034688*
5th Edition
By Collin Firer, University of Cape Town, Stephen A. Ross, Massachusetts ANALYSIS FOR FINANCIAL
Institute of Technology, Randolph W. Westerfield, University of Southern MANAGEMENT
California and Bradford D. Jordan, University of Kentucky
10th Edition
2012 (June 2012)
ISBN: 9780077134525
By Robert Higgins, University of Washington
McGraw-Hill UK Title
This South African edition of Fundamentals of Corporate Finance
provides a modern, unified treatment of South African corporate
financial management. The managerial focus prepares students for
2012 (December 2011) / 480 pages
the pragmatic decision making and judgement needed as a Financial
Manager, including guidance on avoiding possible pitfalls. ISBN: 9780078034688
ISBN: 9780071086486 [IE]
NEW TO THIS EDITION www.mhhe.com/higgins10e
™™ New chapter on Behavioural Finance introduces students to Analysis for Financial Management, 10e presents standard techniques
the cutting-edge study of the reasoning errors that can lead to poor and modern developments in a practical and intuitive manner with an
decisions – and how to avoid them. emphasis on the managerial applications of financial analysis. It is
intended for non-financial managers and business students interested
™™ Thoroughly updated to include the impact of the Companies Act in the practice of financial management.
and current IFRS terminology.
™™ Use of colour in the page design – engaging presentation. New to this edition

™™ A mini case in every chapter, several of which are based on ™™ Discussion of relevant aspects of the recent financial crisis,
S&S Air, supporting an integrated understanding of corporate finance with emphasis on the possible roles played by the efficient market
hypothesis, fair value accounting, and the financial rating agencies
CONTENTS in precipitating the crisis.
Part 1: Overview of Corporate Finance ™™ The examination of Kraft Foods Corporation’s $23 billion hostile
Chapter 1: Introduction to Corporate Finance takeover of British confectioner Cadbury Plc, including the role played
Chapter 2: Financial Statements, Taxes and Cash Flow by activist investor Nelson Peltz.
Part 2: Financial Statements and Long-Term Financial Planning
Chapter 3: Working with Financial Statements ™™ Expanded coverage of real options analysis, including decision
Chapter 4: Long-Term Financial Planning and Growth trees.
Part 3: Valuation of Future Cash Flows ™™ An update of the empirical evidence on corporate restructuring
Chapter 5: Introduction to Valuation: The Time Value of Money and shareholder value creation.
Chapter 6: Discounted Cash Flow Valuation
Chapter 7: Interest Rates and Bond Valuation ™™ The use of Sensient Technologies Corporation (SXT), the world’s
Chapter 8: Share Valuation largest food and beverage color company, as an extended example
Part 4: Capital Budgeting throughout the book.
Chapter 9: Net Present Value and Other Investment Criteria
™™ Fresh examples throughout the text, including new company ex-
Chapter 10: Making Capital Investment Decisions
amples and updated data to keep the text at the forefront of currency.
Chapter 11: Project Analysis and Evaluation
Part 5: Risk and Return Contents
Chapter 12: Some Lessons from Capital Market History
Part I: Assessing the Financial Health of the Firm
Chapter 13: Return, Risk and the Security Market Line
Chapter 1: Interpreting Financial Statements
Part 6: Cost of Capital and Long-Term Financial Policy
Chapter 2: Evaluating Financial PerformanceAppendix: International
Chapter 14: Cost of Capital
Differences in Financial Structure
Chapter 15: Raising Capital
Part II: Planning Future Financial Performance
Chapter 16: Financial Leverage and Capital Structure Policy
Chapter 3: Financial Forecasting
Chapter 17: Dividends and Dividend Policy
Chapter 4: Managing Growth
Part 7: Short-Term Financial Planning and Management
Part III: Financing Operations
Chapter 18: Short-Term Finance and Planning
Chapter 5: Financial Instruments and Markets
Chapter 19: Current Asset Management
Appendix: Using Financial Instruments to Manage Risks
Part 8: Topics in Corporate Finance
Chapter 6: The Financing Decision
Chapter 20: International Corporate Finance
Appendix: The Irrelevance Proposition
Chapter 21: Behavioural Finance
Part IV: Evaluating Investment Opportunities
Chapter 22: Risk Management: An Introduction to Financial Engi-
Chapter 7: Discounted Cash Flow Techniques
neering
Appendix: Mutually Exclusive Alternatives and Capital Rationing
Chapter 23: Options and Corporate Finance
Chapter 8: Risk Analysis in Investment Decisions
Chapter 24: Mergers and Acquisitions
Appendix: Asset Beta and Adjusted Present Value
Chapter 25: Leasing
Chapter 9: Business Valuation and Corporate Restructuring
Appendix A Mathematical Tables
Appendix: The Venture Capital Method of Valuation
Appendix B Key Equations
Appendix A: Present Value of $1
Appendix C Answers to End-of-Chapter Problems
Appendix B: Present Value of an Annuity of $1
Glossary
Suggested Answers to Odd-Numbered End-of-Chapter Problems

71
Finance, Insurance & Real Estate

Global edition UK Adaptation

FOUNDATIONS OF FINANCIAL NEW *9780077129422*


MANAGEMENT WITH TIME VALUE OF
MONEY CARD
14th Edition financial markets and
By Stanley B Block, Texas Christian University, Geoffrey A Hirt, DePaul corporate stragegy
University and Bartley Danielson, North Carolina State University
2nd Edition
2011 (October 2010) / 736 pages
ISBN: 9780077454432
By David Hillier, University of Strathclyde, Mark
ISBN: 9780071220644 [GE] - Pub April 2011 Grinblatt, University of California-Los Agneles
Foundations of Financial Management has built a loyal following due and Sheridan Titman, University of Texas at
Austin
to its strong real-world emphasis, clear writing style, and step-by-
step explanations that simplify difficult concepts. The text focuses
on the “nuts and bolts” of finance with clear and thorough treatment 2011 (November 2011) / 936 pages
of concepts and applications. In addition to completing the textbook ISBN: 9780077129422
revisions, Block, Hirt, and Danielsen also revise all end of chapter
McGraw-Hill UK Title
problems and complete the solutions themselves. The authors know
what works and what doesn’t work for students, and they have con- www.mcgraw-hill.co.uk/textbooks/hillier
sistently maintained a high quality textbook that is responsive to the
demands of the marketplace. The second European edition of Financial Markets and Corporate
Strategy provides comprehensive coverage of financial markets and
corporate finance, brought to life by real world examples, cases and
Contents
insights. Placed in a truly international context, this new and updated
Part 1. Introduction edition takes an academic and practical view-point to guide students
1. The Goals and Functions of Financial Management through the challenges of studying and practicing finance. Aimed
Part 2. Financial Analysis and Planning specifically at an international audience, this edition boasts hundreds
2. Review of Accounting of references to new and relevant non-US research papers from top
3. Financial Analysis finance journals. Whilst retaining the well respected structure of the
successful US text, Professor David Hillier has also made a number
4. Financial Forecasting
of additions which include:
5. Operating and Financial Leverage
Part 3. Working Capital Management ƒƒ Fully updated research, data and examples in every chapter.
6. Working Capital and the Financing Decision ƒƒ Coverage of the global financial crisis, the impact it made on the
7. Current Asset Management financial markets and the lessons being learnt by the finance
8. Sources of Short-Term Financing industry.
Part 4. The Capital Budgeting Process ƒƒ A stronger emphasis on corporate governance and agency theory.
9. The Time Value of Money ƒƒ Updates on accounting standards, bankruptcy laws, tax rules and
10. Valuation and Rates of Return tax systems.
11. Cost of Capital
Contents
12. The Capital Budgeting Decision
13. Risk and Capital Budgeting Part I. Financial Markets and Financial Instruments
Part 5. Long-Term Financing 1. Raising Capital
14. Capital Markets 2. Debt Financing
15. Investment Banking: Public and Private Placement 3. Equity Financing
16. Long-Term Debt and Lease Financing Part II. Valuing Financial Assets
17. Common and Preferred Stock Financing 4. Portfolio Tools
18. Dividend Policy and Retained Earnings 5. Mean-Variance Analysis and the Capital Asset Pricing Model
19. Convertibles, Warrants and Derivatives 6. Factor Models and the Arbitrage Pricing Theory
Part 6. Expanding the Perspective of Corporate Finance 7. Pricing Derivatives
20. External Growth through Mergers 8. Options
21. International Financial Management Part III. Valuing Real Assets
9. Discounting and Valuation
10. Investing in Risk-Free Projects
11. Investing in Risky Projects
12. Allocating Capital and Corporate Strategy
13. Corporate Taxes and the Impact of Financing On Real Asset
Valuation
Part IV. Capital Financial Structure
14. How Taxes Affect Financing Choices
15. How Taxes Affect Dividends and Share Repurchases
16. Bankruptcy Costs and Debt Holder-Equity Holder Conflicts
17. Capital Structure and Corporate Strategy
Part V. Incentives, Information, and Corporate Control
18. How Managerial Incentives Affects Financial Decisions
19. The Information Conveyed by Financial Decisions
20. Mergers and Acquisitions
Part VI. Risk Management
21. Risk Management and Corporate Strategy
22. The Practice of Hedging
23. Interest Rate Risk Management

72
Finance, Insurance & Real Estate

NEW *9780077125257* NEW *9780071067850*


FINANCIAL MANAGEMENT
FUNDAMENTALS OF
Text, Problems and Cases,
CORPORATE FINANCE
6th Edition
By David Hillier, University of Strathclyde and
Iain Clacher, Leeds University By M Y Khan, University of Delhi and PK Jain,
Indian Institute of Technology, Delhi

2011 (February 2011) / 404 pages


2011 (January 2011) / 752 pages
ISBN: 9780071067850
ISBN: 9780077125257
McGraw-Hill India Title
McGraw-Hill UK Title
This new edition of Financial Management continues to emphasise on
www.mcgraw-hill.co.uk/textbooks/hillier the theories, concepts, and techniques that aid in corporate decision
Fundamentals of Corporate Finance, 1st European Edition, brings making, Apart from updating the chapters with recent developments
to life the modern-day core principles of corporate finance using a in the subject, it presents to the readers several new cases and
problem solving approach. The book is an adaptation of the highly suc- examples, along with new-age tools like ‘excel’ for problem solving.
cessful Fundamentals of Corporate Finance text by Ross, Westerfield
and Jordan and is aimed specifically at an international audience. Contents
1. Financial Management – An Overview
Features 2. Time Value of Money
™™ More relevant coverage of regulatory frameworks, international 3. Risk and Return
corporations and organizations. 4. Valuation of Bonds and Shares
5. Cash-flow Statement
™™ A wealth of new examples and cases looking at corporate fi- 6. Financial Statement Analysis
nance in action at well-known international companies such as BMW, 7. Volume-Cost-Profit Analysis
Google, Lloyds TSB, McDonalds, Louis Vuitton, Ryanair, Nokia and 8. Budgeting and Profit Planning
many more. 9. Capital Budgeting I: Principles and Techniques
™™ Numerous opportunities to test your knowledge with Concept 10. Capital Budgeting II: Additional Aspects
Questions, Chapter Review and Self Test Problems, Concept Review 11. Concept and Measurement of Cost of Capital
and Critical Thinking Questions, and Questions and Problems. 12. Analysis of Risk and Uncertainty
13. Working Capital Management – An Overview
Contents 14. Management of Cash and Marketable Securities
Part One: Overview of Corporate Finance 15. Receivables Management
Chapter 1: Introduction to Corporate Finance 16. Inventory Management
Chapter 2: Corporate Governance 17. Working Capital Management
Chapter 3: Financial Analysis and Planning 18. Operating, Financial and Combined Leverage
Part Two: Valuation of Future Cash Flows 19. Capital Structure, Cost of Capital and Valuation
Chapter 4: Introduction To Valuation: The Time Value Of Money 20. Designing Capital Structure
Chapter 5: Discounted Cash Flow Valuation 21. Capital Markets
Chapter 6: Bond Valuation 22. Equity / Ordinary Shares
Chapter 7: Equity Valuation 23. Term Loans, Debentures/Bonds and Securitisation
Part Three: Capital Budgeting 24. Hybrid Financing / Instruments
Chapter 8: Net Present Value and Other Investment Criteria 25. Lease Financing and Hire-purchase Finance
Chapter 9: Making Capital Investment Decisions 26. Venture Capital Financing
Chapter 10: Project Analysis and Evaluation 27. Option Valuation
Part Four: Risk and Return 28. Derivatives: Managing Financial Risks
Chapter 11: Some Lessons from Capital Market History 29. Corporate Governance
Chapter 12: Return, Risk, and the Security Market Line 30. Dividend and Valuation
Part Five: Cost of Capital and Long-Term Financial Policy 31. Determinants of Dividend Policy
Chapter 13: Cost of Capital 32. Business Valuation
Chapter 14: Raising Capital 33. Corporate Restructuring
Chapter 15: Financial Leverage and Capital Structure Policy 34. Foreign Exchange Markets and Dealings
Chapter 16: Dividends and Dividend Policy 35. Foreign Exchange Exposure and Risk Management
Part Six: Topics in Corporate Finance 36. International Financial Management
Chapter 17: Short-Term Financial Planning and Management
Chapter 18: International Corporate Finance
Chapter 19: Behavioral Finance
Chapter 20: Financial Risk Management
Chapter 21: Options and Corporate Finance
Chapter 22: Mergers & Acquisitions

73
Finance, Insurance & Real Estate

Global edition Asian Adaptation

essentials of corporate finance


7th Edition
NEW *9780071088022*
By Stephen A. Ross, Massachusetts Institute of Technology, Randolph W. FUNDAMENTALS OF CORPORATE FINANCE
Westerfield, University of Southern California and Bradford D Jordan,
University of Kentucky--Lexington An Asian Perspective
2011 (February 2010) / 672 pages By Stephen Ross, Randolph Westerfield, Bradford Jordan, Ruth Tan (Na-
tional University of Singapore) and Joseph Lim (Singapore Management)
ISBN: 9780073382463
2011 (August 2011)
ISBN: 9780077400200 (with Connect Plus)
ISBN: 9780071088022
ISBN: 9780071314367 [GE with Connect]
An Asian Adaptation
www.mhhe.com/rwj
The best selling Fundamentals of Corporate Finance (FCF) is written
Essentials of Corporate Finance, 7th edition by Ross, Westerfield, with one strongly held principle—that corporate finance should be
and Jordan is written to convey the most important concepts and prin- developed and taught in terms of a few integrated, powerful ideas.
ciples of corporate finance at a level that is approachable for a wide As such, there are three basic themes that are the central focus of
audience. The authors retain their modern approach to finance, but the book:
have distilled the subject down to the essential topics in 18 chapters.
They believe that understanding the “why” is just as important, if not 1) An emphasis on intuition—underlying ideas are discussed in gen-
more so, than understanding the “how,” especially in an introductory eral terms and then by way of examples that illustrate in more concrete
course. Three basic themes emerge as their central focus: terms how a financial manager might proceed in a given situation.

1. An emphasis on intuition—separate and explain the principles 2) A unified valuation approach—net present value (NVP) is treated
at work on a common sense, intuitive level before launching into as the basic concept underlying corporate finance. Every subject
specifics. Underlying ideas are discussed first in general terms, then covered is firmly rooted in valuation, and care is taken to explain how
followed by specific examples that illustrate in more concrete terms particular decisions have valuation effects.
how a financial manager might proceed in a given situation.
3) A managerial focus—the authors emphasize the role of the financial
2. A unified valuation approach—Net Present Value is treated as the manager as decision maker, and they stress the need for managerial
basic concept underlying corporate finance. Every subject the authors input and judgment.
cover is firmly rooted in valuation, and care is taken to explain how
decisions have valuation effects. Fundamentals of Corporate Finance: An Asian Perspective is an ad-
aptation of Fundamentals of Corporate Finance, 9th Edition, by Ross,
3. A managerial focus—Students learn that financial management Westerfield and Jordan. This Asian edition continues the tradition of
concerns management. The role of financial manager as decision excellence that has earned Fundamentals of Corporate Finance its
maker is emphasized and they stress the need for managerial input status as market leader. It aims to meet the significant gap for a book
and judgment. with Asian examples and internationalized Asian content.

Contents CONTENTS
Part I. Overview of Financial Management PART 1 Overview of Corporate Finance
Ch. 1 Introduction to Financial Management 1 Introduction to Corporate Finance
Part 2. Understanding Financial Statements and Cash Flow 2 Financial Statements, Taxes, and Cash Flow
Ch. 2 Financial Statements, Taxes, and Cash Flow PART 2 Financial Statements and Long-Term Financial Planning
Ch. 3 Working with Financial Statements 3 Working with Financial Statements
Part 3. Valuation of Future Cash Flows 4 Long-Term Financial Planning and Growth
Ch. 4 Introduction to Valuation: The Time Value of Money PART 3 Valuation of Future Cash Flows
Ch. 5 Discounted Cash Flow Valuation 5 Introduction to Valuation: The Time Value of Money
Part 4. Valuing Stocks and Bonds 6 Discounted Cash Flow Valuation
Ch. 6 Interest Rates and Bond Valuation 7 Interest Rates and Bond Valuation
Ch. 7 Equity Markets and Stock Valuation 8 Stock Valuation
Part 5. Capital Budgeting PART 4 Capital Budgeting
Ch. 8 Net Present Value and Other Investment Criteria 9 Net Present Value and Other Investment Criteria
Ch. 9 Making Capital Investment Decisions 10 Making Capital Investment Decisions
Part 6. Risk and Return 11 Project Analysis and Evaluation
Ch. 10 Some Lessons from Capital Market History PART 5 Risk and Return
Ch. 11 Risk and Return 12 Some Lessons from Capital Market History
Part 7. Long-Term Financing 13 Return, Risk, and the Security Market Line
Ch. 12 Cost of Capital PART 6 Cost of Capital and Long-Term Financial Policy
Ch. 13 Leverage and Capital Structure 14 Cost of Capital
Ch. 14 Dividends and Dividend Policy 15 Raising Capital
Ch. 15 Raising Capital 16 Financial Leverage and Capital Structure Policy
Part 8. Short-Term Financial Management 17 Dividends and Payout Policy
Ch. 16 Short-Term Financial Planning PART 7 Short-Term Financial Planning and Management
Ch. 17 Working Capital Management 18 Short-Term Finance and Planning
Part 9. Topics in Business Finance 19 Cash and Liquidity Management
Ch. 18 International Aspects of Financial Management 20 Credit and Inventory Management
Appendix A. Mathematical Tables PART 8 Topics in Corporate Finance
Appendix B. Key Equations 21 International Corporate Finance
Appendix C. Answers to Selected End-of-Chapter Problems 22 Behavioral Finance: Implications for Financial Management
Appendix D. Using the HP-10B and TI BA II Plus Financial Calculators 23 Risk Management: An Introduction to Financial Engineering
24 Options and Corporate Finance
25 Option Valuation

74
Finance, Insurance & Real Estate

26 Mergers and Acquisitions FINANCIAL MANAGEMENT FOR


27 Leasing
BEGINNERS
3rd Edition
By Rodziah Abd Samad, Rohani Abdul Wahab and Shelia Christabel
2010 (June 2010) / 460 pages
FUNDAMENTALS OF FINANCIAL ISBN: 9789675771002
MANAGEMENT An Asian Publication
5th Edition Financial Management for Beginners has been written for students of
By Pasanna Chandra Business and Accountancy. The book is written for both newcomers
2010 (April 2010) / 592 pages to finance as well as students with a prior knowledge of the subject.
Some prior knowledge of economics, statistics and accounting will
ISBN: 9780070700796
be helpful. Student learning is aided by learning objectives at the
McGraw-Hill India Title beginning of each chapter, concept questions in each chapter, true
or false, multiple choice, self-test questions and problems at the end
www.mhhe.com/chandraffm5e of each chapter. It is specifically structured for use in the classroom
This book discusses the fundamental principles and techniques and as a selfstudy text. Key answers for a number of questions are
of financial management. Designed for the first course in financial included. The book is composed of narrative explanations with worked
management, it is aimed at students of B.Com, BBM, M.Com, ICSI, examples and diagrams, as well as relevant formulae which are easy
ICWAI, ICAI and MBA programmes.The chapter on ‘Basics of Capital to follow. This book consists of 12 chapters, beginning with an intro-
Budgeting’ has been expanded and structured into two chapters, viz., duction to financial management, followed by evaluation of financial
‘Techniques of Capital Budgeting’ and ‘Project Cash Flows’.Eleven performance, Financial Training and Forecasting, working capital
new sections have been added on the following topics: ‘Fundamental management, management of current liability, – management of cur-
Principle of Finance,’ ‘Regulatory Framework,’ ‘Profits versus Cash rent assets, time value of money, risk and return, capital budgeting,
Flow,’ ‘Standardised Financial Statement,’ ‘Additional Funding Needs,’ cost of capital, analysis and impact of leverage, and ending with divi-
‘Sustainable Growth Rate,’ Checklist for Capital Structure Decision,’ dend policy. The aim of this text is to provide a foundation in financial
‘Debt Market,’ ‘Money Market,’ ‘Portfolio Restructuring,’ and ‘Multi- management for students, to help them in their future career. The text
national Corporations,’ is relevant to students pursuing diploma and undergraduate courses
in Business and Accountancy and also professional courses such as
Contents those offered by Malaysian Institute of Certified Public Accountants,
Chartered Association of Certified Accountants, Chartered Institute
Part I: Overview and Financial Environment of Management Accountants and Institute of Chartered Secretaries
1. Financial Management: An Overview and Administrators.
2. The Financial System
Part II: Financial Analysis and Planning CONTENTS
3. Financial Statements, Taxes, and Cash Flow
1. Introduction to Financial Management
4. Financial Statement Analysis
2. Evaluation of Financial Performance
5. Funds Flow Analysis
3. Financial Planning and Forecasting
6. Break-Even Analysis and Leverages
4. Management of Working Capital
7. Financial Planning and Forecasting
5. Management of Current Assets
Part III: Fundamental Valuation Concepts
6. Management of Current Liabilities
8. Time Value of Money
7. Time Value of Money
9. Valuation of Securities
8. Risk and Return
10. Risk and Return
9. Capital Budgeting
Part IV: Capital Budgeting
10. Cost of Capital
11. Techniques of Capital Budgeting
11. Analysis and Impact of Leverage
12. Project Cash Flows
12. The Dividend Decision
13. Risk Analysis in Capital Budgeting
Appendix
14. The Cost Of Capital
Suggested Solutions
Part V: Capital Structre and Dividend Policies
Glossary
15. Capital Structure and Cost of Capital
Bibliography and Further Reading
16. Planning the Capital Structure
Index
17. Dividend Policy and Share Valuation
18. Dividend Policy: Practical Aspects
Part VI: Long-Term Financing
19. Sources of Long-Term Finance
20. Raising Long-Term Finance
21. Securities Market
Part VII: Working Capital Management
22. Working Capital Policy
23. Cash Management
24. Credit Management
25. Inventory Management Invitation to Publish
26. Working Capital Financing
Part VIII: Special Topics McGraw-Hill is interested to review your
27. Leasing, Hire Purchase and Project Finance textbook proposals for publication.
28. Mergers, Acquisitions, and Restructuring Please contact your local McGraw-Hill office or
29. International Financial Management email to asiapub@mcgraw-hill.com.

Visit McGraw-Hill Education (Asia)


Website: http://www.mheducation.asia/publish/

75
Finance, Insurance & Real Estate

Aust Adaptation Aust Adaptation


ESSENTIALS OF CORPORATE FINANCE FUNDAMENTALS OF CORPORATE FINANCE
2nd Edition 5th Edition
By Stephen A Ross, Mass Institute of Tech, Rowan Trayler and Ron G Bird By Stephen A Ross, Mass Institute of Tech, Mark Christensen, Queensland
of University of Technology Sydney, Randolph W Westerfield, University University of Technology, Michael Drew, QIC Consulting Firm/Griffith
of Souhtern California and Bradford D Jordan, University of Kentucky- University, Spencer Thompson, Queensland University of Technology,
Lexington Randolph W Westerfield, University of Southern California and Bradford
2010 (November 2010) D Jordan, University of Kentucky-Lexington
ISBN: 9780070284975 2010 (December 2010)
ISBN: 9780071012270 (with Connect Plus) ISBN: 9780070284951
McGraw-Hill Australia Title ISBN: 9780071012287 (with Connect Plus)
McGraw-Hill Australia Title
www.mhhe.com/au/ross_ess2e
www.mhhe.com/au/ross5e
This is the second Australian and New Zealand edition of Essentials
of Corporate Finance(Ross, Westerfield and Jordan, US) adapted by Joining Australian author Mark Christensen in writing this edition is
local authors Rowan Trayler (UTS) and Ron Bird (UTS). Trayler and Mike Drew, Griffith University, who has brought his extensive teaching
Bird have created a successful and engaging text for students in single and industry experience to the text and has helped to create a consid-
semester courses, balancing theory with real-world regional stories erably updated and revised text that continues to capitalise on the rich
and examples and concisely covering essential financial principles pedagogy and thorough treatment of the topic by the US Ross team.
and concepts. Essentials of Corporate Finance is part of a suite of In addition to illustrating pertinent concepts and presenting up-to-date
Ross products and has an emphasis on applications and relevancy coverage, Fundamentals of Corporate Finance 5e strives to present
to business within a 18 chapter structure. The text aims to make core the material in a way that makes it accessible and relevant and easy
introductory finance topics accessible and relevant through the use of to understand. To meet the varied needs of its intended audience,
real-life, regional examples. Perhaps the most exciting development Fundamentals of Corporate Finance 5e is rich in valuable learning
for the new edition is that Essentials of Corporate Finance now comes tools. The text is relaxed and approachable in tone and the authors
with Connect Plus. This is a new, unique and powerful tool for lecturers continue to convey their considerable enthusiasm for the subject.
and students which includes an integrated ebook, assignment and
quiz builder, pre-built assignments and algorithmic testbank questions CONTENTS
Part 1 Overview of corporate finance
Contents
Ch. 1 Introduction to corporate finance
Part 1. Overview of Financial Management Ch. 2 Financial statements, taxes and cash flow
Chapter 1: Introduction to Financial Management Part 2 Financial statements and long-term financial planning
Part 2. Understanding Financial Statements and Cash Flow Ch. 3 Working with financial statements
Chapter 2: Financial Statements, Taxes and Cash Flow Ch. 4 Long-term financial planning and corporate growth
Chapter 3: Working with Financial Statements Part 3 Valuation of future cash flows
Part 3. Valuation of Future Cash Flows Ch. 5 First principles of valuation: the time value of money
Chapter 4: Introduction to Valuation: The Time Value of Money Ch. 6 Valuing shares and bonds
Chapter 5: Discounted Cash Flow Valuation Part 4 Capital budgeting
Part 4. Valuing Stocks and Bonds Ch. 7 Net present value and other investment criteria
Chapter 6: Interest Rates, Bill and Bond Valuation Ch. 8 Making capital investment decisions
Chapter 7: Equity Markets and Share Valuation Ch. 9 Project analysis and evaluation
Part 5. Capital Budgeting Part 5 Risk and return
Chapter 8: Net Present Value and Other Investment Criteria Ch. 10 Lessons from capital market history
Chapter 9: Making Capital Investment Decisions Ch. 11 Return, risk and the security market line
Part 6. Risk and Return Part 6 Current investment decisions
Chaper 10: Some Chapters From Capital Market History Ch. 12 Current investment decisions
Chapter 11: Risk and Return Ch. 13 Working capital management
Part 7. Long Term Financing Ch. 14 Australian financial markets and liquidity management
Chapter 12: Cost of Capital Part 7 Long-term financing
Chapter 13: Leverage and Capital Structure Ch. 15 Capital markets and long-term financing
Chapter 14: Dividends and Dividend Policy Ch. 16 Capital raising and the primary market
Chapter 15: Raising Capital Part 8 Cost of capital and long-term financial policy
Part 8. Short-Term Financial Management Ch. 17 Shareholder value and the cost of capital
Chapter 16: Short-Term Financial Planning Ch. 18 Rewarding shareholders: setting dividend policy
Chapter 17: Working Capital Management Ch. 19 Financial leverage and capital structure policy
Appendix A: Mathematical Tables Part 9 Special topics in corporate finance
Appendix B: Key Equations Ch. 20 Derivative securities
Glossary Ch. 21 Mergers and takeovers
Index Ch. 22 International corporate finance
Ch. 23 Leasing 804 Appendix 1 Mathematical tables Glossary 839
Index 853

76
Finance, Insurance & Real Estate

International edition International edition


FUNDAMENTALS OF CORPORATE FINANCE THEORY OF INTEREST
9th Edition 3rd Edition
By Stephen A Ross, Mass institute of Tech, Randolph W Westerfield, By Stephen Kellison
University of Southern California and Bradford D Jordan, University of
Kentucky-Lexington 2009 (February 2008) / 480 pages
2010 (February 2009) / 800 pages ISBN: 9780073382449
ISBN: 9780073382395 (Standard Edition) ISBN: 9780071276276 [IE]
ISBN: 9780077246129 [Alternate Edition] www.mhhe.com/kellison3e
ISBN: 9780071088558 [IE] The third edition of The Theory of Interest is significantly revised
www.mhhe.com/rwj and expanded from previous editions. The text covers the basic
mathematical theory of interest as traditionally developed. The book
The best-selling Fundamentals of Corporate Finance (FCF) is written is a thorough treatment of the mathematical theory and practical
with one strongly held principle– that corporate finance should be applications of compound interest, or mathematics of finance. The
developed and taught in terms of a few integrated, powerful ideas. As pedagogical approach of the second edition has been retained in the
such, there are three basic themes that are the central focus of the third edition. The textbook narrative emphasizes both the importance
book: 1) An emphasis on intuition—underlying ideas are discussed of conceptual understanding and the ability to apply the techniques
in general terms and then by way of examples that illustrate in more to practical problems. The third edition has considerable updates that
concrete terms how a financial manager might proceed in a given make this book relevant to students in this course area.
situation. 2) A unified valuation approach—net present value (NPV)
is treated as the basic concept underlying corporate finance. Every Contents
subject covered is firmly rooted in valuation, and care is taken to ex-
plain how particular decisions have valuation effects. 3) A managerial Chapter 1: The Measurement of Interest
focus—the authors emphasize the role of the financial manager as Chapter 2: Solution of Problems in Interest
decision maker, and they stress the need for managerial input and Chapter 3: Basic Annuities
judgment. The Ninth Edition continues the tradition of excellence Chapter 4: More General Annuities
that has earned Fundamentals of Corporate Finance its status as Chapter 5: Amortization Schedules and Sinking Funds
market leader. Every chapter has been updated to provide the most Chapter 6: Bond and Other Securities
current examples that reflect corporate finance in today’s world. The
Chapter 7: Yield Rates
supplements package has been updated and improved, and with
the new Excel Master online tool, student and instructor support has Chapter 8: Practical applications
never been stronger. Chapter 9: More advanced financial analysis
Chapter 10: The term structure of interest rates
Contents Chapter 11: Duration, convexity and immunization
Chapter 12: Stochastic approaches to interest
Part One: Overview of Corporate Finance
Chapter 13: Options and other derivatives
Chapter 1: Introduction to Corporate Finance
APPENDIXES
Chapter 2: Financial Statements, Taxes, and Cash Flow
Appendix A: Table numbering the days of the year
Part Two: Financial Statements and Long-Term Financial Plan-
Appendix B: Illustrative mortgage loan amortization schedule
ning
Appendix C: Basic mathematical review
Chapter 3: Working with Financial Statements
Appendix D: Statistical background
Chapter 4: Long-Term Financial Planning and Growth
Appendix E: Iteration methods
Part Three: Valuation of Future Cash Flows
Answers to the exercises
Chapter 5: Introduction to Valuation: The Time Value of Money
Glossary of notation
Chapter 6: Discounted Cash Flow Valuation
Index
Chapter 7: Interest Rates and Bond Valuation
Chapter 8: Stock Valuation
Part Four: Capital Budgeting
Chapter 9: Net Present Value and Other Investment Criteria
Chapter 10: Making Capital Investment Decisions

Managerial & Corporate


Chapter 11: Project Analysis and Evaluation
Part Five: Risk and Return
Chapter 12: Some Lessons from Capital Market History
Chapter 13: Return, Risk, and the Security Market Line Finance - Supplements
Part Six: Cost of Capital and Long-Term Financial Policy
Chapter 14: Cost of Capital
Chapter 15: Raising Capital
Chapter 16: Financial Leverage and Capital Structure Policy
Chapter 17: Dividends and Payout Policy
Part Seven: Short-Term Financial Planning and Management CASEBOOK TO ACCOMPANY
Chapter 18: Short-Term Finance and Planning FOUNDATIONS OF FINANCIAL
Chapter 19: Cash and Liquidity Management
Chapter 20: Credit and Inventory Management
MANAGEMENT
Part Eight: Topics in Corporate Finance 14th Edition
Chapter 21: International Corporate Finance By Stanley Block, Texas Christian University
2011 (September 2010)
ISBN: 9780077316174
These 31 cases, written by Block/Hirt/Danielsen, are ideal for in-
depth analysis and facilitate an integrated understanding of the topics
presented in the book.

77
Finance, Insurance & Real Estate

Case 37 Baker Adhesives


International edition Case 38 Carrefour S.A.
Case 39 Primus Automation Division, 2002
CASE STUDIES IN FINANCE Case 40 MoGen, Inc.
6th Edition Part 8: Valuing the Enterprise: Acquisitions and Buyouts
By Robert Bruner, University of VA-Charlottesville Case 41 Methods of Valuation: Mergers and Acquisitions
2010 (January 2009) / 816 pages Case 42 Arcadian Microarray Technologies, Inc.
ISBN: 9780073382456 Case 43 Yeats Valves and Controls
ISBN: 9780071267526 [IE] Case 44 Hershey Foods Corporation
Case 45 General Mills’ Acquisition of Pillsbury from Diageo PLC
www.mhhe.com/bruner6e Case 46 The Timken Company
Case Studies in Finance links managerial decisions to capital markets Case 47 Matlin Patterson
and the expectations of investors. At the core of almost all of the cases Case 48 Hostile Takeovers: A Primer for the Decision Maker
is a valuation task that requires students to look to financial markets Case 49 General Electric’s Proposed Acquisition of Honeywell
for guidance in resolving the case problem. The focus on value helps
managers understand the impact of the firm on the world around it.
These cases also invite students to apply modern information technol-
ogy to the analysis of managerial decisions.

CONTENTS International edition


Part 1: Setting Some Themes FINGAME 5.0 PARTICIPANT’S MANUAL
Case 1 Warren E. Buffett, 2005 WITH REGISTRATION CODE
Case 2 Bill Miller and Value Trust
Case 3 Ben & Jerry’s Homemade
5th Edition
Case 4 The Battle for Value, 2004: FedEx Corp. vs. United Parcel By Leroy D Brooks, John Carroll University
Service, Inc. 2008 (June 2007) / 170 pages
Part 2: Financial Analysis and Forecasting ISBN: 9780077219888
Case 5 The Thoughtful Forecaster ISBN: 9780071275675 [IE]
Case 6 The Financial Detective, 2005 Brooks’ FinGame Online 5.0 is a comprehensive multiple period
Case 7 Krispy Kreme Doughnuts, Inc. finance case/simulation. In the game, students control a hypothetical
Case 8 The Body Shop International PLC 2001: An Introduction to company over numerous periods of operation. Students have control
Financial Modeling of major financial and operating decisions of their company. Students
Case 9 Horniman Horticulture develop and enhance skills in financial management, financial ac-
Case 10 Kota Fibres, Ltd. counting statement analysis, and general decision making. Internet
Case 11 Deutsche Brauerei access by the instructor and student is required. Students use the Fin-
Case 12 Value Line Publishing: October 2002 Game Participant’s Manual for instructions to operate their company
on the McGraw-Hill/Irwin website. The Participant’s Manual includes
Part 3: Estimating the Cost of Capital
a password in order to access the website. The Instructor’s Manual
Case 13 “Best Practices” in Estimating the Cost of Capital: Survey is very important and imperative to teaching from FinGame Online
and Synthesis” 5.0. FinGame Online can be found at www.mhhe.com/fingame5.
Case 14 Nike, Inc.: Cost of Capital
Case 15 Teletech Corporation, 2005 CONTENTS
Case 16 The Boeing 7E7
Student Manual
Part 4: Capital Budgeting and Resource Allocation
Chapter 1 Introduction
Case 17 The Investment Detective
Chapter 2 Initiation and Use on the Web
Case 18 Worldwide Paper Company
Chapter 3 Establishing a Management Plan
Case 19 Target Corporation
Chapter 4 The Company Environment and Rules
Case 20 Aurora Textile Company
Chapter 5 The Game and The Real World
Case 21 Compass Records
Appendix Financial Statement Construction
Case 22 Victoria Chemicals plc (A): The Merseyside Project
Case 23 Victoria Chemicals plc (B): Merseyside and Rotterdam
Instructor’s Manual
Projects
Welcome
Case 24 Euroland Foods S.A.
Chapter 1 Web Access and Operating Instructions
Case 25 Star River Electronics Ltd.
Chapter 2 Use of the Game in a Course
Part 5: Management of the Firm’s Equity: Dividends, Repur-
Chapter 3 The Company Environment and Rules
chases, Initial Offerings
Appendix: FinGame Report Requirements
Case 26 Gainesboro Machine Tools Corporation
Case 27 EMI
Case 28 JetBlue Airways IPO Valuation
Case 29 TRX, Inc.: Initial Public Offering
Case 30 Purinex, Inc.
Part 6: Management of the Corporate Capital Structure
Case 31 An Introduction to Debt Policy and Value
Case 32 Structuring Coprorate Financial Policy: Diagnosis of Prob-
lems and Evaluation of Strategies
Case 33 California Pizza Kitchen
Case 34 The Wm. Wrigley Jr. Company: Capital Structure, Valuation,
and Cost of Capital
Case 35 Deluxe Corporation
Case 36 Deutsche Bank Securities: Financing the Acquisition of
Consolidated Supply S.A.
Part 7: Analysis of Financing Tactics: Leases, Options, and
Foreign Currency

78
Finance, Insurance & Real Estate

International edition SCHAUM’S QUICK GUIDE TO BUSINESS


FINANCE
FINANCE AND INVESTMENTS USING THE 201 Decision-Making Tools for Business, Finance,
WALL STREET JOURNAL and Accounting Students
By Peter Crabb, Northwest Nazarene University By Jae K. Shim, Ph.D., California State University, Stephen W. Hartman,
2003 / 408 pages New York Institute of Technology and Joel Siegel, Ph.D., Queens College,
CUNY
ISBN: 9780071218856 [IE]
1998 / 354 pages
CONTENTS ISBN: 9780070580312
PART I: INTRODUCTION. A Schaum Publication
1. Finance and Investments Using the Wall Street Journal.
For quick and authoritative answers to questions on business and
PART II: MARKET ANALYSIS. financial formulas and tools, this unique book is unequaled! It not only
2. Economic Analysis. clearly explains all major business and financial formulas, it shows
3. Industry Analysis. you how to apply them, step by step. Perfect for college and graduate
4. International Economics and Markets. students in business, finance, marketing, operations, management,
PART III: SECURITIES MARKETS AND ANALYSIS. and accounting, this comprehensive, portable guide gives you quick
5. Time Value of Money. access to all major financial and business formulas with explanations
6. Bond Valuations. you can grasp and use in seconds. You get explanations, examples,
7. Stock Valuations. and demonstrations of formulas for vertical analysis; net-cost method;
sales mix analysis; regression statistics; profit margin; sampling
8. Foreign Exchange.
formulas; discount cash flow analysis; weighted averages; cost of
PART IV: INVESTMENT ANALYSIS. capital; earnings per share; inventory turnover; and nearly 200 more.
9. Financial Statement Analysis. This is the handiest tool available for mastering business formulas!
10. Technical Analysis.
PART V: DERIVATIVE SECURITIES.
11. Options.
12. Futures.
13. Index Futures and Options.
PART VI- PORTFOLIO MANAGEMENT.
14. Risk Measurement.
15. Asset Allocation.
Managerial & Corporate
16. Benchmarking. Finance - Graduate
PART VII—CORPORATE FINANCING.
17. Cost of Capital.
18. Public Offering of Securities.
19. Dividend Policy.
20. Mergers and Acquisitions.
Global edition
PRINCIPLES OF CORPORATE FINANCE
10th Edition
SCHAUM’S OUTLINE OF FINANCIAL By Richard A Brealey, London Business School, Stewart C Myers, Mass
Institute of Tech and Franklin Allen, University of Pennsylvania
MANAGEMENT
2011 (February 2010) / 1088 pages
3rd Edition ISBN: 9780073530734 (NAI)
By Jae Shim, California State University and Joel Siegel, Queens College
ISBN: 9780077356385 (+ S&P Market Insight)
2010 (August 2009) / 504 pages
ISBN: 9780071314176 [GE] - Pub Nov 2010
ISBN: 9780071635318
A Schaum Publication www.mhhe.com/bma
Schaum’s Outline of Financial Management provides a succinct review Principles of Corporate Finance is the worldwide leading text that
of all financial management concepts in topics such as financial fore- describes the theory and practice of corporate finance. Throughout the
casting, planning and budgeting, the management of working capital, book, the authors show how managers use financial theory to solve
short-term financing, time value of money, risk, return, and valuation, practical problems and as a way to respond to change by showing
capital budgeting, and more. not just how, but why companies and management act as they do.
This text is a valued reference for thousands of practicing financial
managers. The Tenth Edition has been rewritten, refreshed, and fully
Contents
updated to reflect the recent financial crisis and is now accompanied
1. Introduction by Connect Finance, an exciting new homework management system.
2. Analysis of Financial Statements and Cash Flow
3. Financial Forecasting, Planning, and Budgeting Contents
4. The Management of Working Capital Part One: Value
5. Short-Term Financing 1- Goals and Governance of the Firm
6. Time Value of Money 2- How to Calculate Present Values
7. Risk, Return, and Valuation 3- Valuing Bonds
8. Capital Budgeting (Including Leasing) 4- The Value of Commons Stocks
9. Capital Budgeting Under Risk 5- Net Present Value and Other Investment Criteria
10. Cost of Capital 6- Making Investment Decisions with the Net Present Value Rule
11. Leverage and Capital Structure Part Two: Risk
12. Dividend Policy 7- Introduction to Risk and Return
13. Term Loans and Leasing 8- Portfolio Theory and the Capital Asset Pricing Model
14. Long-Term Debt 9- Risk and the Cost of Capital
15. Preferred and Common Stock Part Three: Best Practice in Capital Budgeting

79
Finance, Insurance & Real Estate

10- Project Analysis 10: Project Analysis


11- Investment, Strategy, and Economic Rents Part Four: Financing Decisions and Market Efficiency
12- Agency Problems, Compensation, and the Performance Meas- 11: Efficient Markets and Behavioral Finance
urement Part Five: Payout Policy and Capital Structure
Part Four: Financing Decisions and Market Efficiency 12: Payout Policy
13- Efficient Markets and Behavioral Finance 13: Does Debt Policy Matter?
14- An Overview of Corporate Financing 14: How Much Should a Corporation Borrow?
15- How Corporations Issue Securities 15: Financing and Valuation
Part Five: Payout Policy and Capital Structure Part Six: Options
16- Payout Policy 16: Understanding Options
17- Does Debt Policy Matter? 17: Valuing Options
18- How Much Should a Corporation Borrow? Part Seven: Financial Planning and Working Capital Management
19- Financing and Valuation 18: Financial Analysis
Part Six: Options 19: Financial Planning
20- Understanding Options Appendix
21- Valuing Options Glossary
22- Real Options Index
Part Seven: Debt Financing
23- Credit Risk and the Value of Corporate Debt
24- The Many Different Kinds of Debt
25- Leasing
Part Eight: Risk Management NEW *9780071067850*
26- Managing Risk
27- Managing International Risks
Part Nine: Financial Planning and Working Capital Management FINANCIAL MANAGEMENT
28- Financial Analysis Text and Problems, 6th Edition
29- Financial Planning
30- Working Capital Management
By M Y Khan, Formerly Professor of FInance,
Part Ten: Mergers, Corporate Control, and Governance Dept of Financial Studies and P K Jain, Indian
31- Mergers Institute of Technology, Delhi
32- Corporate Restructuring
33- Governance and Corporate Control Around the World
Part Eleven: Conclusion
34- Conclusion: What We Do and Do Not Know About Finance 2011 (February 2011) / 1404 pages
ISBN: 9780071067850
McGraw-Hill India Title
International edition This new edition of Financial Management continues to emphasise on
the theories, concepts, and techniques that aid in corporate decision
PRINCIPLES OF CORPORATE FINANCE making, Apart from updating the chapters with recent developments
in the subject, it presents to the readers several new cases and
Concise, 2nd Edition examples, along with new-age tools like ‘excel’ for problem solving.
By Richard A Brealey, London Business School, Stewart C Myers, Mass
Institute of Tech and Franklin Allen, University of Pennsylvania New to this edition
2011 (April 2010) / 672 pages
ISBN: 9780073530741 ™™ Analytical Approach and Decisional Focus
ISBN: 9780071289160 [IE] ™™ Managerial decision-making perspective
www.mhhe.com/bma2e ™™ Procedural Orientation, Practice Discussion and Cases
Throughout Principles of Corporate Finance, Concise the authors
show how managers use financial theory to solve practical problems ™™ Financial Tables and Bibliography
and as a way of learning how to respond to change by showing not
Contents
just how but why companies and management act as they do. The
first ten chapters mirror the Principles text, covering the time value 1. Financial Management – An Overview
of money, the valuation of bonds and stocks, and practical capital 2. Time Value of Money
budgeting decisions. The remaining chapters discuss market ef- 3. Risk and Return
ficiency, payout policy, and capital structure, option valuation, and 4. Valuation of Bonds and Shares
financial planning and analysis. The text is modular, so that Parts 5. Cash-flow Statement
can be introduced in an alternative order.
6. Financial Statement Analysis
7. Volume-Cost-Profit Analysis
Contents
8. Budgeting and Profit Planning
Part One: Value 9. Capital Budgeting I: Principles and Techniques
1: Goals and Governance of the Firm 10. Capital Budgeting II: Additional Aspects
2: How to Calculate Present Values 11. Concept and Measurement of Cost of Capital
3: Valuing Bonds 12. Analysis of Risk and Uncertainty
4: The Value of Common Stocks 13. Working Capital Management – An Overview
5: Net Present Value and Other Investment Criteria 14. Management of Cash and Marketable Securities
6: Making Investment Decisions with the Net Present Value Rule 15. Receivables Management
Part Two: Risk 16. Inventory Management
7: Introduction to Risk and Return 17. Working Capital Management
8: Portfolio Theory and the Capital Asset Pricing Model 18. Operating, Financial and Combined Leverage
9: Risk and the Cost of Capital 19. Capital Structure, Cost of Capital and Valuation
Part Three: Best Practices in Capital Budgeting 20. Designing Capital Structure

80
Finance, Insurance & Real Estate

21. Capital Markets


22. Equity / Ordinary Shares
23. Term Loans, Debentures/Bonds and Securitisation International edition
24. Hybrid Financing / Instruments
25. Lease Financing and Hire-purchase Finance CORPORATE FINANCE WITH S&P CARD
26. Venture Capital Financing 9th Edition
27. Option Valuation By Stephen A Ross, Mass Institute of Tech, Randolp W Westerfield and
28. Derivatives: Managing Financial Risks Jeffrey Jaffe, University of Pennsylvania
29. Corporate Governance 2010 (October 2009)
30. Dividend and Valuation ISBN: 9780077337629
31. Determinants of Dividend Policy ISBN: 9780071313070 [IE without S&P]
32. Business Valuation
www.mhhe.com/rwj
33. Corporate Restructuring
34. Foreign Exchange Markets and Dealings Corporate Finance, by Ross, Westerfield, and Jaffe emphasizes
35. Foreign Exchange Exposure and Risk Management the modern fundamentals of the theory of finance, while provid-
36. International Financial Management ing contemporary examples to make the theory come to life. The
authors aim to present corporate finance as the working of a small
number of integrated and powerful intuitions, rather than a collection
of unrelated topics. They develop the central concepts of modern
finance: arbitrage, net present value, efficient markets, agency theory,
options, and the trade-off between risk and return, and use them to
Global edition explain corporate finance with a balance of theory and application.
The well-respected author team is known for their clear, accessible
CORPORATE FINANCE presentation of material that makes this text an excellent teaching
Core Principles and Applications, 3rd Edition tool. The ninth edition has been fully updated to reflect the recent
financial crisis and is now accompanied by Connect, an exciting new
By Stephen A Ross, Mass Institute of Tech, Randolph W Westerfield, Uni-
versity of Southern California, Jeffrey Jaffe, University of Pennsylvania homework management system.
and Bradford D Jordan, University of Kentucky-Lexington
2011 (October 2010) / 736 pages Contents
ISBN: 9780073530680 Part I--Overview
ISBN: 9780071221160 [GE] - Pub April 2011 Chapter 1: Introduction to Corporate Finance
ISBN: 9780077905200 (plus Connect) Chapter 2: Financial Statements and Cash Flow
ISBN: 9780077971304 (plus Connect Access Card) Chapter 3: Financial Statements Analysis and Long-Term Planning
Part II--Valuation and Capital Budgeting
www.mhhe.com/rwjj Chapter 4: Discounted Cash Flow Valuation
Corporate Finance: Core Principles and Applications, 3rd edition, by Chapter 5: Net Present Value and Other Investment Rules
Ross, Westerfield, Jaffe and Jordan was written to convey the most Chapter 6: Making Capital Investment Decisions
important corporate finance concepts and applications at a level Chapter 7: Risk Analysis, Real Options, and Capital Budgeting
that is approachable to the widest possible audience. The concise Chapter 8: Interest Rates and Bond Valuation
format, managerial context and design, and student-friendly writing Chapter 9: How to Value Stocks
style are key attributes to this text. RWJJ Core Principles strikes a Part III--Risk
balance by introducing and covering the essentials, while leaving
Chapter 10: Risk and Return: Lessons from Market History
more specialized topics to follow-up courses. This text distills the
subject of corporate finance down to its core, while also maintaining Chapter 11: Return and Risk: The Capital Asset Pricing Model
a decidedly modern approach. The well-respected author team is Chapter 12: An Alternative View of Risk and Return: The Arbitrage
known for the clear, accessible presentation of material that makes Pricing Theory
this text an excellent teaching tool. Chapter 13: Risk, Cost of Capital, and Capital Budgeting
Part IV: Capital Structure and Dividend Policy
Contents Chapter 14: Efficient Capital Markets and Behavioral Challenges
Part I Overview Chapter 15 : Long-Term Financing: An Introduction
1 Introduction to Corporate Finance Chapter 16: Capital Structure: Basic Concepts
2 Financial Statements and Cash Flow Chapter 17: Capital Structure: Limits to the Use of Debt
3 Financial Statements Analysis and Long-Term Planning Chapter 18: Valuation and Capital Budgeting for the Levered Firm
Part II Valuation and Capital Budgeting Chapter 19: Dividends and Other Payouts
4 Discounted Cash Flow Valuation Part V: Long-Term Financing
5 Interest Rates and Bond Valuation Chapter 20: Issuing Securities to the Public
6 Stock Valuation Chapter 21: Leasing
7 Net Present Value and Other Investment Rules Part VI: Options, Futures, and Corporate Finance
8 Making Capital Investment Decisions Chapter 22: Options and Corporate Finance
9 Risk Analysis, Real Options, and Capital Budgeting Chapter 23: Options and Corporate Finance: Extensions and Ap-
Part III Risk and Return plications
10 Risk and Return Lessons from Market History Chapter 24: Warrants and Convertibles
11 Return and Risk: The Capital Asset Pricing Model (CAPM) Chapter 25: Derivatives and Hedging Risk
12 Risk, Cost of Capital, and Capital Budgeting Part VII: Short-Term Finance
Part IV Capital Structure and Dividend Policy Chapter 26: Short-Term Finance and Planning
13 Corporate Financing Decisions and Efficient Capital Markets Chapter 27: Cash Management
14 Capital Structure: Basic Concepts Chapter 28: Credit and Inventory Management
15 Capital Structure: Limits to the Use of Debt Part VIII: Special Topics
16 Dividends and Other Payouts Chapter 29: Mergers and Acquisitions
Part V Special Topics Chapter 30: Financial Distress
17 Options and Corporate Finance Chapter 31: International Corporate Finance
18 Short-Term Finance and Planning
19 Mergers and Acquisitions
20 International Corporate Finance

81
Finance, Insurance & Real Estate

Appendix A. Interest Rate Mathematics


International edition Appendix B. Mathematical Tables
BEHAVIORAL CORPORATE FINANCE
By Hersh Shefrin
2007 (November 2005) / 224 pages
ISBN: 9780072848656
ISBN: 9780071257367 [IE]
Business Finance
www.mhhe.com/shefrin
Contents
1- Behavioral Foundations
2- Valuation
3- Capital Budgeting
4- Perceptions About Risk and Return BUSINESS FINANCE
5- Inefficient Markets and Corporate Decisions 10th Edition
6- Capital Structure By Graham Peirson and Rob Brown of Monash University, Steve Easton,
7- Dividend Policy University of Newcastle and Peter Howard, Monash University, Clayton
8- Agency Conflicts and Corporate Governance and Sean Pinder, University of Melbourne
9- Group Process 2010 (August 2010)
10- Mergers and Acquisitions ISBN: 9780070144675
11- Application of Real-Option Techniques to Capital Budgeting and ISBN: 9780071012911 (Revised with Connect Plus)
Capital Structure (on the website only) McGraw-Hill Australia Title
www.mhhe.com/au/peirson10e
Now in its landmark tenth edition, Business Finance is the authoritative
Australian business finance text. Written by the same highly regarded
International edition author team, this edition has been extensively updated and revised
to ensure that it continues to meet the needs of today’s students. Up-
FINANCIAL MARKETS AND CORPORATE dated statistics, numerous real-life examples and information on new
regulatory changes and market developments have been integrated
STRATEGY throughout. Quality, proven content and a trusted pedagogy combine
2nd Edition in Business Finance to provide comprehensive subject coverage for
By Mark Grinblatt, UCLA and Sheridan Titman, University of Texas at finance majors.
Austin
2002 / 864 pages Contents
ISBN: 9780071088510 [IE] Ch 1 Introduction
ISBN: 9780071236867 [IE - Printed in 2 Colors] Ch 2 Consumption, investment and the capital market
www.mhhe.com/grinblatt Ch 3 The time value of money: an introduction to financial mathematics
Ch 4 Applying the time value of money to security valuation
CONTENTS Ch 5 Project evaluation: principles and methods
Part I. Financial Markets and Financial Instruments Ch 6 The application of project evaluation methods
1.Raising Capital Ch 7 Portfolio theory and asset pricing
2. Debt Financing Ch 8 The capital market
3. Equity Financing Ch 9 Sources of long-term finance: equity
Part II. Valuing Financial Assets Ch10 Sources of finance: debt
4. The Mathematics and Statistics of Portfolios Ch11 Dividend and share repurchase decisions
5. Mean-Variance Analysis and the Capital Asset Pricing Model Ch12 Principles of capital structure
6. Factor Models and the Arbitrage Pricing Theory Ch13 Capital structure decisions
7. Pricing Derivatives Ch14 The cost of capital and taxation issues in project evaluation
8. Options Ch15 Leasing and other equipment finance
Part III. Valuing Real Assets Ch16 Capital market efficiency
9. Discounting and Valuation Ch17 Futures contracts
10. Investing in Risk-less Projects Ch18 Options and contingent claims
11. Investing in Risky Projects Ch19 Analysis of takeovers
12. Allocating Capital and Corporate Strategy Ch20 International financial management
13. Corporate Taxes and the Impact of Financing On Real Asset Ch21 Management of short-term assets: inventory
Valuation Ch22 Management of short-term assets: liquid assets accounts
Part IV. Capital Structure receivable
14. How Taxes Affect Financing Choices Appendices
15. How Taxes Affect Dividends and Share Repurchases Glossary
16. Bankruptcy Costs and Debt Holder-Equity Holder Conflicts Author index
17. Capital Structure and Corporate Strategy Subject index
Part V. Incentives, Information, and Corporate Control
18. How Managerial Incentives Affects Financial Decisions
19. The Information Conveyed by Financial Decisions
20. Mergers and Acquisitions
Part VI. Risk Management
21. Risk Management and Corporate Strategy
22. The Practice of Hedging
23. Interest Rate Risk Management

82
Finance, Insurance & Real Estate

Investments - Textbooks Chapter 6: Industry Analysis


Chapter 7: Valuation of the Individual Firm
Chapter 8: Financial Statement Analysis
Part Three: Issues in Efficient Markets
Chapter 9: Efficient Markets and Anomalies
Chapter 10: Behavioral Finance and Technical Analysis
International edition Part Four: Fixed-Income and Leveraged Securities
Chapter 11: Bond and Fixed-Income Fundamentals
NEW *9780078034626*
Chapter 12: Principles of Bond Valuation and Investment
Chapter 13: Convertible Securities and Warrants
Part Five: Derivative Products
Chapter 14: Put and Call Options
FUNDAMENTALS OF Chapter 15: Commodities and Financial Futures
INVESTMENT MANAGEMENT Chapter 16: Stock Index Futures and Options
Part Six: Broadening the Investment Perspective
10th Edition
Chapter 17: A Basic Look at Portfolio Management and Capital
Market Theory
By Geoffrey A Hirt, DePaul University and
Stanley B Block, Texas Christian University Chapter 18: Duration and Bond Portfolio Management
Chapter 19: International Securities Markets
Chapter 20: Investments in Real Assets
Chapter 21: Alternative Investments: Private Equity and Hedge Funds
2012 (June 2011) / 688 pages Chapter 22: Measuring Risks and Returns of Portfolio Managers
ISBN: 9780078034626 Appendices
ISBN: 9780071315524 [IE] Appendix A: Compound Sum of $1
www.mhhe.com/hirtblock10e Appendix B: Compound Sum of an Annuity of $1
Appendix C: Present Value of $1
Presenting applied theory alongside real-world examples, Fun- Appendix D: Present Value of an Annuity of $1
damentals of Investment Management provides a survey of the
Appendix E: Time Value of Money and Investment Applications
important areas of investments: valuation, the marketplace, fixed
income instruments and markets, equity instruments and markets, Appendix F: Using Calculators for Financial Analysis
derivative instruments, and a cross-section of special topics, such as
international markets and mutual funds. The text is user-friendly, but
makes no concessions to the importance of covering the latest and
most important material for the student of investments.
International edition
New to this edition
™™ The text has been extensively reorganized to include modern NEW
coverage and improve the flow of material.
*9780073530710*
™™ Additional material on behavioral finance: Chapter 10, formerly
Technical Analysis, is now Behavioral Finance and Technical Analysis.
Introductory material on behavioral finance appears at the beginning FUNDAMENTALS OF
of the chapter, and the chapter shows where technical analysis can INVESTMENTS
interpret some of the behavior observed in investors. 6th Edition
™™ A greatly expanded section on portfolio management: The last
section of the book now includes the introductory theory and portfolio By Bradford D Jordan, University of Kentucky-
Lexington, Thomas Miller, St Louis University
management chapter, followed by duration and bond portfolio man- and Steve Dolvin, Butler University
agement, international investing, real assets, a new chapter entitled
Alternative Investments: Hedge Funds and Private Equity, and a final
2012 (January 2011) / 736 pages
chapter on measuring investment performance.
ISBN: 9780073530710
™™ Placement of the mutual fund chapter: The mutual fund chapter ISBN: 9780071315647 [IE]
has been moved up from Chapter 18 to Chapter 4. This fits with the
investing goals and objectives covered in Chapter 1 and meshes www.mhhe.com/jmd6e
with the stock market index material in Chapter 2. More information Fundamentals of Investments focuses on students as investment
about exchange-traded funds has also been added to this chapter. managers, giving them information to act on by placing theory and
research in the proper context. The text offers strong, consistent peda-
™™ Each chapter has been updated to reflect the most current gogy, including a balanced, unified treatment of the four main types of
information in today’s world of investment management. Significant financial investments: stocks, bonds, options, and futures. Topics are
new and updated content coverage includes material related to the organized in a way that makes them easy to apply—whether to a port-
financial crisis, such as the subprime mortgage market, credit default folio simulation or to real life—and supported with hands-on activities.
swaps, Federal Reserve Policy, and other related topics.
New to this edition
Contents
McGraw-Hill Connect Finance
Part One: Introduction to Investments
Chapter 1: The Investment Setting ™™ Connect Finance offers a number of powerful tools and features
Chapter 2: Security Markets to make managing assignments easier, so you can spend more time
Chapter 3: Participating in the Market teaching. Students can engage with their coursework anytime and
Chapter 4: Investment Companies: Mutual Funds, Exchange-Traded anywhere, making the learning process more accessible and efficient.
Funds, Closed-End funds, and Unit Investment Trusts In short, Connect Finance facilitates student learning and optimizes
Part Two: Analysis and Valuation of Equity Securities your time and energies, enabling you to focus on course content,
Chapter 5: Economic Activity teaching, and student learning.

83
Finance, Insurance & Real Estate

™™ Create and deliver online, auto-graded homework assignments, 14. Futures Contracts
quizzes, and tests directly from the end-of-chapter materials or test 15. Stock Options
bank. Problems are available as both static and algorithmic problems, Part VI Topics in Investments
and there are also multiple-choice conceptual questions. 16. Option Valuation
17. Projecting Cash Flow and Earnings
™™ Students receive immediate, detailed feedback on their as-
18. Corporate Bonds
signments, allowing them to focus on the areas where they need
19. Government Bonds
improvement.
20. Mortgage-Backed Securities
™™ Questions mapped to AACSB skill areas, Bloom’s Taxonomy Appendix A: Answers to Test Your Investment Quotient Questions
levels, and difficulty level enable you to run reports that assess spe- Appendix B: Answers to Selected Questions and Problems
cific learning outcomes. Appendix C: Key Formulas
Index
™™ A Self Quiz and Study program allows students to evaluate
their performance through a practice test and then receive recom-
mendations for specific readings from the text, supplemental study
material, and practice work that will improve their mastery of each
learning objective. Global edition
™™ Pre-built assignments are available to save you set up time.
INVESTMENTS
™™ Connect Plus Finance. This packaging option combines all the 9th Edition
great features of Connect Finance, along with access to an online By Zvi Bodie, Boston University, Alex Kane, University of California-San
version of Fundamentals of Investments, linked to additional study Diego and Alan J Marcus, Boston College
features, so that students can easily refer back to the text for review 2011 (September 2010) / 1056 pages
and guidance. ISBN: 9780073530703
™™ Increased CFA coverage, support and mapping: The sixth edition ISBN: 9780071289146 [GE] - Pub March 2011
includes expanded coverage on 10 CFA readings and completely www.mhhe.com/bkm
new coverage of 15 CFA readings. In total, the sixth edition covers
more than 70 percent of the readings from Level 1 of the CFA exam Bodie, Kane, and Marcus’ Investments sets the standard for gradu-
ate/MBA investments textbooks. It blends practical and theoretical
and about 35 percent of the readings from the Level 2 and 3 exams.
coverage, while maintaining an appropriate rigor and a clear writing
Each chapter opens with a CFA Exam box citing references to specific style. Its unifying theme is that security markets are nearly efficient,
readings from the CFA curriculum that are covered within the chapter, meaning that most securities are priced appropriately given their risk
mapping to the level of the CFA exam for the reading, and more than and return attributes. The text places greater emphasis on asset al-
95 percent of end-of-chapter material is related to the CFA exam, location and offers a much broader and deeper treatment of futures,
which has been similarly mapped to CFA exam levels. options, and other derivative security markets than most investment
texts. It is also the only graduate Investments text to offer an online
™™ Highlights of new coverage in the sixth edition include: homework management system, McGraw-Hill’s Connect Finance.
ƒƒ Chapter 1 contains new sections on the crash of 2008, dollar-
weighted average returns, and the equity risk premium. Contents
ƒƒ Chapter 4 contains a new material on target date funds and a Part I Introduction
greatly expanded section on exchange-traded funds, particularly 1 The Investment Environment
leveraged ETFs. Considerable new material is introduced on 2 Asset Classes and Financial Instruments
hedge funds, particularly their fee structure and investment styles. 3 How Securities are Traded
ƒƒ Chapter 7 contains new material on the market crash of 2008. 4 Mutual Funds and Other Investment Companies
ƒƒ Chapter 8 offers new material on heuristics, herding, and over- Part II Portfolio Theory and Practice
coming bias. Students have an opportunity to take an online quiz 5 Introduction to Risk, Return, and the Historical Record
about overconfidence. 6 Risk Aversion and Capital Allocation to Risky Assets
ƒƒ Chapter 13 contains new material on calculating alpha using re- 7 Optimal Risky Portfolios
gression; calculating an information ratio; calculating a portfolio’s 8 Index Models
R-squared; and Global Investment Performance Standards (GIPS). Part III Equilibrium in Capital Markets
ƒƒ Chapter 18 contains some new material on bond ratings and 9 The Capital Asset Pricing Model
alternatives to bond ratings. 10 Arbitrage Pricing Theory and Multifactor Models of Risk and Return
CONTENTS 11 The Efficient Market Hypothesis
12 Behavioral Finance and Technical Analysis
Part I Introduction
13 Empirical Evidence on Security Returns
1. A Brief History of Risk and Return
Part IV Fixed-Income Securities
2. The Investment Process
14 Bond Prices and Yields
3. Overview of Security Types
15 The Term Structure of Interest Rates
4. Mutual Funds
16 Managing Bond Portfolios
Part II Stock Markets
Part V Security Analysis
5. The Stock Market
17 Macroeconomic and Industry Analysis
6. Common Stock Valuation
18 Equity Valuation Models
7. Stock Price Behavior and Market Efficiency
19 Financial Statement Analysis
8. Behavioral Finance and the Psychology of Investing
Part VI Options, Futures, and Other Derivatives
Part III Interest Rates and Bond Valuation
20 Options Markets: Introduction
9. Interest Rates
21 Option Valuation
10. Bond Prices and Yields
22 Futures Markets
Part IV Portfolio
23 Futures, Swaps, and Risk Management
11. Diversification and Risky Asset Allocation
Part VII Applied Portfolio Management
12. Return, Risk, and the Security Market Line
24 Portfolio Performance Evaluation
13. Performance Evaluation and Risk Management
25 International Diversification
Part V Options and Futures
26 Hedge Funds

84
Finance, Insurance & Real Estate

27 The Theory of Active Portfolio Management


28 Investment Policy and the Framework of the CFA Institute International edition
References to CFA Problems
Glossary
ESSENTIALS OF INVESTMENTS WITH S&P
Name Index CARD
Subject Index 8th Edition
By Zvi Bodie, Boston University, Alex Kane, University of California-San
Diego and Alan J Marcus, Boston College
2010 (September 2009)
ISBN: 9780077339180
NEW *9780071333481* ISBN: 9780071267496 [IE without S&P Card]
ISBN: 9780071084383 [IE with Connect Plus]

UNDERSTANDING MUTUAL www.mhhe.com/bodieess8e


FUNDS The market leading undergraduate investments textbook, Essentials
of Investments, 8e by Bodie, Kane and Marcus, emphasizes asset
allocation while presenting the practical applications of investment
By Uma Shashikant, Sunita Abraham and Arti theory. The authors have eliminated unnecessary mathematical detail
Bhargava
and concentrate on the intuition and insights that will be useful to
practitioners throughout their careers as new ideas and challenges
emerge from the financial marketplace. The eighth edition has been
fully updated to reflect the recent financial crisis and includes a new
chapter on Hedge Funds.
2011 (September 2011) / 224 pages
Contents
ISBN: 9780071333481
Part 1: Elements of Investments
McGraw-Hill India Title
1- Investments: Background and Issues
This book serves a simple purpose: it helps in preparing for the man- 2- Asset Classes and Financial Instruments
datory certification examination prescribed by the National Institute 3- Securities Markets
of Securities Markets (NISM – Series VA – Mutual Fund Distributors 4- Mutual Funds and Other Investment Companies
Exam). This examination is mandatory for independent advisors and
Part 2: Portfolio Theory
employees in the sales, distribution and customer service functions
of mutual funds and distribution companies.This book stays faithful 5- Risk and Return: Past and Prologue
to the syllabus for the examination and test objectives as outlined by 6- Efficient Diversification
NISM. Several students who take the NISM examinations in prepa- 7- Capital Asset Pricing and Arbitrage Pricing Theory
ration for their job and project placements will find this book useful. 8- The Efficient Market Hypothesis
This book covers several basic concepts relating to mutual funds, 9- Behavioral Finance and Technical Analysis
which may also be of interest to mutual fund investors. The objective Part 3: Debt Securities
of this book is to simplify the basic concepts and principles relating to 10- Bond Prices and Yields
mutual funds. Examples and illustrations have been used to reinforce 11- Managing Bond Portfolios
the concepts wherever necessary.
Part 4: Security Analysis
12- Macroeconomic and Industry Analysis
Contents
13- Equity Valuation
1. Concept And Role Of Mutual Funds 14- Financial Statement Analysis
2. Fund Structure And Constituents Part 5: Derivative Markets
3. Legal And Regulatory Environment 15- Options Markets
4. Offer Document 16- Option Valuation
5. Fund Distribution And Sales Practices 17- Futures Markets and Risk Management
6. Accounting Valuation And Taxation Part 6: Active Investment Management
7. Investors Services 18- Portfolio Performance Evaluation
8. Risk, Return And Performance Of Funds 19- Globalization and International Investing
9. Mutual Fund Scheme Selection 20- Hedge Funds
10. Selecting The Right Investment Products 21- Taxes, Inflation, and Investment Strategy
11. Financial Planning And Model Portfolios 22- Investors and the Investment Process

REVIEW COPY
(Available for course adoption only)
To request for a review copy,
ƒƒ contact your local McGraw-Hill
representatives or,
ƒƒ fax the Review Copy Request Form found
in this catalog or,
ƒƒ e-mail your request to
mghasia_sg@mcgraw-hill.com or,
ƒƒ submit online at www.mheducation.asia

85
Finance, Insurance & Real Estate

International edition Investments - Supplementary


INVESTMENTS
2nd Edition
By Mark Hirschey, University of Kansas-Lawrence and John Nofsinger,
Washington State University-Pullman
2010 (January 2009) / 672 pages SCHAUM’S OUTLINE OF INVESTMENTS
ISBN: 9780077305574 (with S&P Bind-In Card)
2nd Edition
ISBN: 9780071271035 [IE]
By Jack Clark Francis, Bernard M. Baruch College and Richard Taylor
ISBN: 9780071104357 [IE with S&P Card]
2000 / 330 pages
www.mhhe.com/hirschey2e ISBN: 9780071348492
Investments: Analysis and Behavior, 2e is the first textbook to integrate A Professional reference Title
exciting new developments from the field of behavioral finance in a
CONTENTS
comprehensive and balanced introduction to the field of investments.
Since behavioral is intertwined in all aspects of investing, this text Chapter 1: Money Market Securities.
does just that. Investments: Analysis and Behavior is written from Chapter 2: Common and Preferred Stock.
a unique perspective that will provide students with knowledge of Chapter 3: Corporate Bonds.
investment analytical tools and an understanding of the forces that Chapter 4: The Time Value of Money.
drive the industry. Chapter 5: U.S. Treasury, Agency and Related Bonds.
Chapter 6: Municipal Bonds.
Contents
Chapter 7: Issuing and Trading Securities.
Part 1 Introduction to Investments Chapter 8: Secondary Security Markets.
Chapter 1 Introduction Chapter 9: Federal Investments Regulations.
Chapter 2 Equity Markets Chapter 10: Security Market Indexes.
Chapter 3 Buying and Selling Equities Chapter 11: Analysis of Financial Statements.
Chapter 4 Risk and Return Chapter 12: Short Positions, Hedging, and Arbitrage.
Part 2 Market Efficiency and Investor Behavior Chapter 13: Total Risk and Risk Factors.
Chapter 5 Asset Pricing Theory and Performance Evaluation Chapter 14: Bond Valuation.
Chapter 6 Efficient-Market Hypothesis Chapter 15: Bond Portfolio Management.
Chapter 7 Market Anomalies Chapter 16: Common Stock Valuation.
Chapter 8 Psychology and the Stock Market Chapter 17: Technical Analysis.
Part 3 Investment Analysis Chapter 18: Efficient Markets Theory.
Chapter 9 Business Environment Chapter 19: Futures.
Chapter 10 Financial Statement Analysis Chapter 20: Put and Call Options I.
Chapter 11 Value Stock Investing Chapter 21: Put and Call Options II.
Chapter 12 Growth Stock Investing Chapter 22: Portfolio Analysis.
Chapter 13 Technical Analysis Chapter 23: Capital Market Theory.
Part 4 Fixed Income Chapter 24: Arbitrage Pricing Theory (APT).
Chapter 14 Bond Instruments and Markets Chapter 25: Portfolio Performance Evaluation.
Chapter 15 Bond Valuation Chapter 26: International Investing.
Part 5 Investment Management Appendices: A: Present Value of $1.
Chapter 16 Mutual Funds B: Future Value of $1.
Chapter 17 Global Investing C: Present Value of an Annuity of $1.
Chapter 18 Option Markets and Strategies D: Future Value of an Annuity of $1.
Chapter 19 Futures Markets
Chapter 20 Real Estate and Tangible Assets
Appendix A The Time Value of Money and Compounding
Appendix B Reference to the Chartered Financial Analyst Questions
Glossary
Index

Invitation to Publish
McGraw-Hill is interested to review your
textbook proposals for publication.
Please contact your local McGraw-Hill office or
email to asiapub@mcgraw-hill.com.

Visit McGraw-Hill Education (Asia)


Website: http://www.mheducation.asia/publish/

86
Finance, Insurance & Real Estate

Investments - Graduate Cases in Corporate Finance

Global edition International edition


CASE STUDIES IN FINANCE
INVESTMENTS 6th Edition
9th Edition By Robert F Bruner, University of VA-Charlottesville
By Zvi Bodie, Boston University, Alex Kane, University of California-San 2010 (January 2009) / 816 pages
Diego and Alan J Marcus, Boston College
ISBN: 9780073382456
2011 (September 2010) / 1056 pages
ISBN: 9780071267526 [IE]
ISBN: 9780073530703
ISBN: 9780071289146 [GE] - Pub March 2011 www.mhhe.com/bruner6e
www.mhhe.com/bkm Case Studies in Finance, 6e links managerial decisions to capital
markets and the expectations of investors. At the core of almost
Bodie, Kane, and Marcus’ Investments sets the standard for gradu- all of the cases is a valuation task that requires students to look to
ate/MBA investments textbooks. It blends practical and theoretical financial markets for guidance in resolving the case problem. The
coverage, while maintaining an appropriate rigor and a clear writing focus on value helps managers understand the impact of the firm on
style. Its unifying theme is that security markets are nearly efficient, the world around it. These cases also invite students to apply modern
meaning that most securities are priced appropriately given their risk information technology to the analysis of managerial decisions. The
and return attributes. The text places greater emphasis on asset al- cases may be taught in many different combinations. The eight-part
location and offers a much broader and deeper treatment of futures, sequence indicated by the table of contents relates to course designs
options, and other derivative security markets than most investment used at the authors’ schools. Each part of the casebook suggests a
texts. It is also the only graduate Investments text to offer an online concept module, with a particular orientation.
homework management system, McGraw-Hill’s Connect Finance.
Contents
Contents
Part 1: Setting Some Themes
Part I Introduction
Case 1 Warren E. Buffett, 2005
1 The Investment Environment
Case 2 Bill Miller and Value Trust
2 Asset Classes and Financial Instruments
Case 3 Ben & Jerry’s Homemade
3 How Securities are Traded
Case 4 The Battle for Value, 2004: FedEx Corp. vs. United Parcel
4 Mutual Funds and Other Investment Companies
Service, Inc.
Part II Portfolio Theory and Practice
Part 2: Financial Analysis and Forecasting
5 Introduction to Risk, Return, and the Historical Record
Case 5 The Thoughtful Forecaster
6 Risk Aversion and Capital Allocation to Risky Assets
Case 6 The Financial Detective, 2005
7 Optimal Risky Portfolios
Case 7 Krispy Kreme Doughnuts, Inc.
8 Index Models
Case 8 The Body Shop International PLC 2001: An Introduction to
Part III Equilibrium in Capital Markets
Financial Modeling
9 The Capital Asset Pricing Model
Case 9 Horniman Horticulture
10 Arbitrage Pricing Theory and Multifactor Models of Risk and Return
Case 10 Kota Fibres, Ltd.
11 The Efficient Market Hypothesis
Case 11 Deutsche Brauerei
12 Behavioral Finance and Technical Analysis
Case 12 Value Line Publishing: October 2002
13 Empirical Evidence on Security Returns
Part 3: Estimating the Cost of Capital
Part IV Fixed-Income Securities
Case 13 “Best Practices” in Estimating the Cost of Capital: Survey
14 Bond Prices and Yields
and Synthesis”
15 The Term Structure of Interest Rates
Case 14 Nike, Inc.: Cost of Capital
16 Managing Bond Portfolios
Case 15 Teletech Corporation, 2005
Part V Security Analysis
Case 16 The Boeing 7E7
17 Macroeconomic and Industry Analysis
Part 4: Capital Budgeting and Resource Allocation
18 Equity Valuation Models
Case 17 The Investment Detective
19 Financial Statement Analysis
Case 18 Worldwide Paper Company
Part VI Options, Futures, and Other Derivatives
Case 19 Target Corporation
20 Options Markets: Introduction
Case 20 Aurora Textile Company
21 Option Valuation
Case 21 Compass Records
22 Futures Markets
Case 22 Victoria Chemicals plc (A): The Merseyside Project
23 Futures, Swaps, and Risk Management
Case 23 Victoria Chemicals plc (B): Merseyside and Rotterdam
Part VII Applied Portfolio Management
Projects
24 Portfolio Performance Evaluation
Case 24 Euroland Foods S.A.
25 International Diversification
Case 25 Star River Electronics Ltd.
26 Hedge Funds
Part 5: Management of the Firm’s Equity: Dividends, Repur-
27 The Theory of Active Portfolio Management
chases, Initial Offerings
28 Investment Policy and the Framework of the CFA Institute
Case 26 Gainesboro Machine Tools Corporation
References to CFA Problems
Case 27 EMI
Glossary
Case 28 JetBlue Airways IPO Valuation
Name Index
Case 29 TRX, Inc.: Initial Public Offering
Subject Index
Case 30 Purinex, Inc.
Part 6: Management of the Corporate Capital Structure

87
Finance, Insurance & Real Estate

Case 31 An Introduction to Debt Policy and Value 10. Indian Premier League
Case 32 Structuring Coprorate Financial Policy: Diagnosis of Prob- 11. Option Pricing Problem Set
lems and Evaluation of Strategies 12. Tata Steel: The Bid for Corus
Case 33 California Pizza Kitchen MODULE 3: WORKING CAPITAL MANAGEMENT
Case 34 The Wm. Wrigley Jr. Company: Capital Structure, Valuation, 13. Working Capital Management at Excel Crop Care Ltd.
and Cost of Capital MODULE 4: CAPITAL STRUCTURE, SHORT-TERM AND LONG-
Case 35 Deluxe Corporation TERM FINANCING
Case 36 Deutsche Bank Securities: Financing the Acquisition of 14. Trent Ltd. Rights Issue of Convertibles and Warrants
Consolidated Supply S.A. 15. Financial Instruments Problem Set
Part 7: Analysis of Financing Tactics: Leases, Options, and 16. BGR Energy Systems’ Initial Public Offering
Foreign Currency 17. Shree Cement Ltd.
Case 37 Baker Adhesives 18. Fujairah Bank
Case 38 Carrefour S.A.
Case 39 Primus Automation Division, 2002
Case 40 MoGen, Inc.
Part 8: Valuing the Enterprise: Acquisitions and Buyouts
Case 41 Methods of Valuation: Mergers and Acquisitions International edition
Case 42 Arcadian Microarray Technologies, Inc.
Case 43 Yeats Valves and Controls CASES IN FINANCE
Case 44 Hershey Foods Corporation 2nd Edition
Case 45 General Mills’ Acquisition of Pillsbury from Diageo PLC
By Jim DeMello, Western Michigan University—Kalamazoo
Case 46 The Timken Company
2006 / 192 pages
Case 47 Matlin Patterson
ISBN: 9780072983227
Case 48 Hostile Takeovers: A Primer for the Decision Maker
Case 49 General Electric’s Proposed Acquisition of Honeywell ISBN: 9780071244367 [IE]
www.mhhe.com/demello2e
CONTENTS
Case 1- Signal Cable Company; Cash Flow Analysis
CASES IN CORPORATE FINANCE Case 2- Bigger Isn’t Always Better; Financial Ratio Analysis
By SR Viswanath, Institute of Management Technology Case 3- Playing the Numbers Game!; DuPont Analysis Case 4-Grow-
2009 (April 2009) ing Pains; Financial Forecasting
ISBN: 9780070090255 Case 5- There’s More to Us Than Meets the Eye!; Financial Analysis
and Forecasting
McGraw-Hill India Title
Case 6- Lottery Winnings-Looks Can Be Deceptive; Time Value of
www.mhhe.com/corpfincases Money
Case 7- It’s Better Late Than Never!; Retirement Planning
“This book will compete with the HBR cases and also the case prob-
lems given in various text-books. But the advantage here is that it Case 8- Paying Off That Dream House; Loan Amortization
discusses Indian cases and so will be more useful, as the students Case 9- Wake Up and Smell the Coffee!; Time Value of Money
will be more familiar with the scenarios described in the cases…The Case 10- Corporate Bonds-They Are More Complex Than You Think;
cases give an overall perspective of a business venture– Prof. Indu Bond Analysis and Valuation
Niranjan, SPJIMR, Mumbai Case 11- How Low Can It Go?; Application of Stock Valuation Methods
ƒƒ Basic analytical skills and principles of corporate finance Case 12- What Are We Really Worth; Valuation of Common Stock
ƒƒ Functions of modern capital markets and financial institutions Case 13- The Lazy Mower: Is It Really Worth It?; Estimating Cash
ƒƒ Estimation of cost of capital Flow-New Project Analysis
ƒƒ Standard techniques of analysis, including capital budgeting Case 14- If the Coat Fits, Wear it; Replacement Project Analysis
ƒƒ Estimation and management of working capital Case 15- The Dilemma at Day-Pro; Comparison of Capital Budget-
ƒƒ The first module consists of cases that form the building blocks of ing Techniques
modern finance. These are on time value of money, risk and return. Case 16- Too Hot to Handle; Capital Budgeting
ƒƒ The second module covers capital budgeting and valuation. This Case 17- Flirting with Risk; Risk and Return
module introduces standard DCF models in a variety of settings. Case 18- I Wish I Had a Crystal Ball; Real Options and Capital
A problem set on option pricing is also included here Budgeting
ƒƒ The third module is on working capital estimation and manage- Case 19- Can One Size Fit All?; Determining the Cost of Capital Case
ment. Case topics include cash budgeting, seasonality and working 20- We Are Not All Alike; Divisional Costs of Capital
capital management Case 21- Where Do We Draw the Line?: Marginal Cost of Capital
ƒƒ The fourth module (the final one) is on long term financing and and Capital Budgeting
risk management. Case 22- EVA – Does It Really Work?; Economic Value Added (EVA)
Case 23- It’s Better to Be Safe Than Sorry!; Evaluating Project Risk
Contents Case 24- Look Before You Leverage; Debt Versus Equity Financing
MODULE 1: BUILDING BLOCKS Case 25- Is It Worth More Dead or Alive?; Bankruptcy and Reor-
1. Lisa Mathew’s Investment Opportunities ganization
2. Valuation Problem Set (A) Case 26- Is It Much Ado About Nothing?; Dividend Policy
3. Reliance Capital Case27- Timing Is Everything!; Working Capital Management
4. Cost of Capital for Utilities in India Case 28- Getting Our Act Together; Cash Budgeting
5. Financial Statements and Industry Structure, 2007 Case 29- The Elusive Cash Balance; Cash Budgeting
6. The Use of Cash Flow Statements Case 30- A Switch in Time Saves Nine; Accounts Receivable Man-
7. Financial Performance of Major Steel Firms agement
8. Value Based Management at Marico Ltd. Case 31- Will it be Worthwhile to Venture?; International Capital
MODULE 2: CAPITAL BUDGETING AND DISCOUNTED CASH Budgeting
FLOW VALUATION Case 32- When In Doubt, Hedge!; Hedging with Derivatives
9. Valuation Problem Set (B) Case 33- Made for Each Other; Valuing Corporate Acquisitions Case
34- Why Buy It When You Can Lease It?; Lease Versus Buy Analysis

88
Finance, Insurance & Real Estate

International edition Money and Capital Markets


CASES IN FINANCE
2nd Edition
By Ben Nunnally, Jr., and D. Anthony Plath, University of North Carolina MERCHANT BANKING AND FINANCIAL
1997 / 288 pages SERVICES
ISBN: 9780071145640 [IE]
3rd Edition
CONTENTS By S Gurusamy, Vaishnav College
PART I. FINANCIAL ANALYSIS, PLANNING AND STRATEGY: 2009 (June 2009) / 480 pages
1. Triple A Office Mart. ISBN: 9780070153622
2. Airline Profitability Analysis. McGraw-Hill India Title
3. Retirement Planning, Inc.-NEW!.
A good text book on this subject written by a well-known author. This
4. Babes-N-Toyland.
book can be pitched in where our other titles on this subject do not
5. Pop’s Recycling Co. fit well for any reason.
6. Personal Computers, Inc.
7. Personality Associates. 8. Rapid Fire Batteries, Inc. Contents
PART II. WORKING CAPITAL MANAGEMENT:
1. Merchant Banking: An Overview
9. Bison Tool Corp.
2.Merchant Banking: Regulatory Framework
10. Aero-Strip, Inc.
3.Public Issue Management
11. Ohio Rubber Works.
4.Marketing of New Issues
PART III. CAPITAL BUDGETING:
5.Post-issue Activities
12. B.J. Plastic Molding Company.
6.Prospectus
13. Infomercial Entertainment, Inc.
7.Underwriting of Securities
14. Restore Incorporated.
8.Capital Structure Decisions
15. Kirby Industries.
9.Capital Market Instruments
16. The Winning Edge, Inc.
10.Depository Receipts
17. Gideon Research.
11.Stock Exchange: An Overview
18. Metal Fabricating and Recycling-NEW!
12.National Stock Exchange (NSE)
19. Midwood Electronic -NEW!
13.Over-the-Counter Exchange of India (OTCEI)
PART IV. INTERMEDIATE AND LONG-TERM FINANCING:
14.M&A Advisory Services
20. Deal’s Computerland.
15.Portfolio Management Services
21. Clearline Filters, Inc.-NEW!
16.Credit Syndication Services
22. Suburban Electronics Company.
17.Financial Services: An Overview
23. Neptune’s Locker, Inc.
18.Leasing: An Overview
24. Burkeville Power and Light.
19.Hire Purchase Finance
25. Commercial Builders, Inc.-NEW!
20.Bill Financing
26. Buffalo River Steele Company.
21.Factoring and Forfeiting
27. * Village Plaza Shopping Center.
22.Consumer Finance
PART V. FINANCIAL STRUCTURE, THE COST OF CAPITAL, AND
23.Real Estate Financing
DIVIDEND POLICY:
24.Credit Cards
28. The Orient Express.
25.Credit Rating
29. Speciality Chemicals, Inc.-NEW!
26.Mutual Funds
30. McDermott Manufacturing, Inc.-NEW!
27.Venture Capital
31. High Rock Industries.
32. South East Merchandisers-NEW!
33. Touring Enterprises-NEW!
34. COBA Corporation (Part A).
35. COBA Corporation (Part B).
36. * Cole-Williams, Incorporated. International edition
37. Orchard Mill Development.
38. FuzzyTronic, Inc. MONEY AND CAPITAL MARKETS
PART VI. OTHER TOPICS IN FINANCIAL MANAGEMENT: 10th Edition
39. Performance Cycle, Inc. By Peter S Rose, Texas A&M University and Milton Marquis, Florida
40. Progressive Office Outfitters-NEW! State University-Tallahassee
41. Xtronics Corporation-NEW! 2008 (December 2007) / 800 pages
ISBN: 9780077235802 (with S&P Bind-In Card)
ISBN: 9780071284325 [IE with S&P Bind-In Card]
ISBN: 9780071268592 [IE without S&P Card]
www.mhhe.com/rose10e
Money and Capital Markets, 10th edition by Peter Rose and Milton
Marquis provides a thorough and comprehensive view of the whole
financial system. All the major types of financial institutions and fi-
nancial instruments present today are discussed, along with how and
why the system of money and capital markets is changing. Money
and Capital Markets also provides a descriptive explanation of how
interest rates and security values are determined. It discusses the
current and future trends of the globalization of financial markets, the
ongoing consolidation of the financial institutions’ sector, and recent
efforts to protect consumer privacy in the financial services field.

89
Finance, Insurance & Real Estate

CONTENTS
Part One – The Global Financial System in Perspective
Portfolio Management
Chapter 1 – Functions and Roles of the Financial System in the
Global Economy
Chapter 2 – Financial Assets, Money, Financial Transactions, and
Financial Institutions
Chapter 3 – The Financial Information Marketplace
Chapter 4 – The Future of the Financial System and the Money and
Capital Markets
NEW
Part Two – Interest Rates and the Prices of Financial Assets *9780071078016*
Chapter 5 – The Determinants of Interest Rates: Competing Ideas
Chapter 6 – Measuring and Calculating Interest Rates and Financial
Asset Prices SECURITY ANALYSIS AND
Chapter 7 – Inflation and Deflation, Yield Curves, and Duration: Impact PORTFOLIO MANAGEMENT
on Interest Rates and Asset Prices
Chapter 8 – The Risk Structure of Interest Rates: Defaults, Prepay- By K Sasidharan, School of Asset Manage-
ments, Taxes, and Other Rate-Determining factors ment, Cochin and Alex K Mathews, Manathara
Chapter 9 – Interest-Rate Forecasting and Hedging: Swaps, Financial Advisory Services
Futures, and Options
Part Three – The Money Market and Central Banking
Chapter 10 – Introduction to the Money Market and the Roles Played 2011 (August 2011) / 708 pages
by Governments and Security Dealers ISBN: 9780071078016
Chapter 11 – Commercial Banks, Major Corporations, and Federal McGraw-Hill India Title
Credit Agencies in the Money Market
Chapter 12 – Roles and Services of the Federal Reserve and Other This book provides a comprehensive coverage on security analysis
as well as portfolio management with a student-friendly approach.
Central Banks Around the World
With discussion on latest topics, numerous examples, rich pedagogy,
Chapter 13 – The Tools and Goals of Central Bank Monetary Policy as well as exercises, it will adequately meet the requirements of busi-
Part Four – Financial Institutions: Organization, Activities, and ness management students.
Regulation
Chapter 14 – The Commercial Banking Industry: Structure, Products, CONTENTS
and Management
1. Investments: Concepts and Features
Chapter 15 – Nonbank Thrift Institutions: Savings and Loans, Savings
2. Investment Avenues
Banks, Credit Unions, and Money Market Funds
3. Indian Capital Market
Chapter 16 – Mutual Funds, Insurance Companies, Investment Banks,
4. Stock Exchanges in India
and Other Financial Firms
5. Stock Market Indices
Chapter 17 – Regulation of the Financial Institutions’ Sector
6. Depository System and Listing of Securities
Part Five – Governments and Businesses in the Financial Mar-
7. Futures and Options
ketplace
8. Real Estate
Chapter 18 – Federal, State, and Local Governments Operating in
9. Risk and Return
the Financial Markets
10. Market Regulators
Chapter 19 – Business Borrowing: Corporate Bonds, Asset-Backed
11. Multifactor Risk and Return Models
Securities, Bank Loans, and Other Forms of Business Debt
12. Effi cient Market Hypothesis
Chapter 20 – The Market for Corporate Stock
13. Company Valuation
Part Six – Households in the Financial Marketplace
14. Equity Valuation
Chapter 21 – Consumer Lending and Borrowing
15. Bond Valuation
Chapter 22 – The Residential Mortgage Market
16. Technical Analysis
Part Seven- The International Financial System
17. Fundamental Analysis
Chapter 23 – International Transactions and Currency Values
18. Portfolio Construction
Chapter 24 – International Banking
19. Markowitz Model
Money and Capital Markets Dictionary
20. Sharpe Portfolio Optimisation Model
Index
21. Portfolio Evaluation
22. Portfolio Revision and Management
Appendix A: Investment Analysis
Appendix B: Using Calculator/Coputer for Computations
Appendix C: Standardized Normal Distribution Table
Appendix D: List of Useful Websites
Model Question Paper
Model Question Paper
Index

90
Finance, Insurance & Real Estate

International edition Derivatives / Futures


RUNNING MONEY & Options
Professional Portfolio Management
By Scott Stewart, Christopher Piros and Jeffrey Heisler
2011 (January 2010) / 576 pages
ISBN: 9780073530581
ISBN: 9780071259453 [IE]
NEW *9780071313643*
www.mhhe.com/sph1e
Running Money: Professional Portfolio Management 1e focuses on
the business investment decision-making from the perspective of the FUTURES AND OPTIONS
portfolio manager. The authors combined professional experience
managing multi-billion-dollar mandates, working with real clients,
By Sunil Parameswaran, Tarheel Consultancy
and solving real investment problems is reflected throughout the Services
text. Their goal is to expose students to what it is really like to “run
money” professionally by providing the necessary tools. This new
text is most effectively used in conjunction with cases, projects, and
real-time portfolios requiring “hands on” application of the material.
Excel Spreadsheets and Outboxes help the students understand the
approach of this first edition text.
2011 (October 2010) / 600 pages
Contents
ISBN: 9780071313643
Chapter 1: Introduction
An Asian Publication
Chapter 2: Client Objectives for Managing Diversified Portfolios
Chapter 3: Asset Allocation: The Mean Variance Framework This book presents an in-depth exposition of the major derivative
Chapter 4: Asset Allocation Inputs categories, namely futures, options, and swaps. Written in a racy
Chapter 5: Advanced Topics in Asset Allocation and conversational style, the book simulates a one-on-one discus-
sion between the reader and the author. It covers the intricacies of
Chapter 6: The Investment Management Process
the financial instruments and the markets in which they are traded.
Chapter 7: Introduction to Equity Portfolio Investing It is embellished with sufficient numerical examples to facilitate the
Chapter 8: Equity Portfolio Construction learning process. Readers are given adequate opportunities to test
Chapter 9: Fixed Income Portfolio Management their comprehension by way of end-of-chapter questions and review
Chapter 10: Internal Investing of key concepts. The book is intended to serve as a one-stop refer-
Chapter 11: Alternative Investment Classes ence for traders, investors, and serious students of Finance. It is a
Chapter 12: Portfolio Management Through Time: Taxes and Trans- stand-alone text that seamlessly integrates material on the underly-
action Costs ing financial securities such as stocks, stock indices, money and
Chapter 13: Performance Measurement and Attribution bond markets, and foreign exchange with the core concepts of the
derivatives markets. It can also serve as a textbook for a graduate
Chapter 14: Incentives, Ethics and Policy
level course on futures and options, and readers should find that it
Chapter 15: Investor and Client Behavior provides adequate coverage of both forwards and futures contracts
Chapter 16: Managing Client Relationships and options contracts. The text can also be used as supplementary
Appendixes material for courses on financial markets and international finance.
References Market professionals will find this book a useful and handy reference
Glossary in their daily work.

Features
™™ Foreword by Professor Tom Smith (Australian National Uni-
versity)
™™ Exhaustive coverage of both futures and options
™™ A racy and conversational style of exposition
™™ Numerous illustrations and examples
™™ Assignment questions and review of key concepts
™™ that provide an in-depth test of the readers’ comprehension

CONTENTS
Foreword
About the Author
Preface
REVIEW COPY Acknowledgments
(Available for course adoption only) Figures and Tables
To request for a review copy, 1. Introduction to Futures
ƒƒ contact your local McGraw-Hill 2. Valuation of Futures Contracts
representatives or, 3. Hedging and Speculation
ƒƒ fax the Review Copy Request Form found 4. Orders and Exchanges
in this catalog or, 5. Money Market Futures
ƒƒ e-mail your request to 6. Bond Market Futures
mghasia_sg@mcgraw-hill.com or, 7. Foreign Exchange Forwards and Futures
ƒƒ submit online at www.mheducation.asia 8. Stock and Stock Index Futures
9. Fundamentals of Options

91
Finance, Insurance & Real Estate

10. Arbitrage Restrictions Chapter 32: Structural Models of Default Risk


11. Options Strategies and Profit Diagrams Chapter 33: Reduced Form Models of Default Risk
12. Valuation of Options Chapter 34: Modeling Correlated Default
13. Options on Stock Indices, Foreign Currencies, Futures Contracts, Part VI: Computation
and Volatility Indices Chapter 35: Derivative Pricing with Finite Differencing
14. Exotic Options Chapter 36: Derivative Pricing with Monte Carol Simulation
15. Term Structure of Interest Rates and Valuation of Interest Rate Chapter 37: Using Octave
Options
16. Fundamentals of Swaps
Index

FINANCIAL DERIVATIVES
Markets and Applications in Malaysia,
2nd Edition
International edition By Ismath Bacha Obiyathulla, International Islamic University-Malaysia
DERIVATIVES 2006 / 353 pages
By Rangarajan Sundaram and Sanjiv Das ISBN: 9789833219957
2011 (March 2010) / 940 pages An Asian Publication
ISBN: 9780072949315 Financial Derivatives: Markets and Applications is designed spe-
ISBN: 9780071244800 [IE] cifically for a first course in derivatives. It has been written with the
beginner in mind and assumes no previous knowledge or familiarity
www.mhhe.com/sd1e with derivatives. Written in an informal, easy to read style, it guides
It has been the authors’ experience that the overwhelming majority readers through the challenging and complex world of forwards,
of students in MBA derivatives courses go on to careers where a futures and options. As the first book of its kind on Malaysian finan-
deep conceptual, rather than solely mathematical, understanding cial derivatives, the emphasis on local conditions enables easier
of products and models is required. The first edition of Derivatives understanding. All financial derivative contracts traded in Malaysia
looks to create precisely such a blended approach, one that is for- are covered according to their three common applications: hedging,
mal and rigorous, yet intuitive and accessible. The main body of this arbitraging and speculating which are shown by means of fully worked
book is divided into six parts. Parts 1-3 cover, respectively, futures out examples. Extensive use of illustrations and write-ups provide
and forwards; options; and swaps. Part 4 examines term-structure easy comprehension of the underlying logic of derivatives.
modeling and the pricing of interest-rate derivatives, while Part 5 is
concerned with credit derivatives and the modeling of credit risk. Part CONTENTS
6 discusses computational issues. 1 Derivatives: Introduction and Overview
2 Malaysian Derivatives Markets and Trading
Contents 3 Forward and Futures Markets: Pricing and Analysis
Chapter 1: Introduction 4 Stock Index Futures Contracts: Analysis and Applications
Part 1: Futures and Forwards 5 Interest Rate Futures: The 3-month KLIBOR Futures Contract
Chapter 2: Futures Markets 6 Introduction to Options
Chapter 3: Pricing Forwards and Futures I: The Basic Theory 7 Options Contracts: Specifications and Trading
Chapter 4: Pricing Forwards and Futures II 8 Option Strategies and Payoffs
Chapter 5: Hedging with Futures & Forwards 9 Option Pricing
Chapter 6: Interest-Rate Forwards & Futures 10 Replication, Sythetics and Arbitrage
Part II: Equity Derivatives 11 Options in Corporate Finance and Real Options
Chapter 7: Options Markets 12 Interest Rate Swaps, FRAs and Credit Derivatives
Chapter 8: Options: Payoffs & Trading Strategies 13 Derivatives Instruments and Islamic Banking
Chapter 9: No-Arbitrage Restrictions on Option Prices
Chapter 10: Early Exercise and Put-Call Parity
Chapter 11: Option Pricing: An Introduction
Chapter 12: Binomial Option Pricing
Chapter 13: Implementing the Binomial Model
Chapter 14: The Black-Scholes Model
Chapter 15: The Mathematics of Black-Scholes
Chapter 16: Options Modeling: Beyond Black-Scholes
Chapter 17: Sensitivity Analysis: The Option “Greeks”
Chapter 18: Exotic Options I: Path-Independent Options
Chapter 19: Exotic Options II: Path-Dependent Options
Chapter 20: Value-at-Risk
Chapter 21: Convertible Bonds
Chapter 22: Real Options
Part III: Swaps Invitation to Publish
Chapter 23: Interest-Rate Swaps and Floating Rate Products
Chapter 24: Equity Swaps McGraw-Hill is interested to review your
Chapter 25: Currency Swaps textbook proposals for publication.
Part IV: Interest Rate Modeling Please contact your local McGraw-Hill office or
Chapter 26: The Term Structure of Interest Rates: Concepts email to asiapub@mcgraw-hill.com.
Chapter 27: Estimating the Yield Curve
Chapter 28: Modeling Term Structure Movements Visit McGraw-Hill Education (Asia)
Chapter 29: Factor Models of the Term Structure Website: http://www.mheducation.asia/publish/
Chapter 30: The Heath-Jarrow-Morton and Libor Market Models
Part V: Credit Derivative Products
Chapter 31: Credit Derivative Products

92
Finance, Insurance & Real Estate

Financial Institutions Part III Managing Risk


Ch. 18 Liability and Liquidity Management
Management Appendix 18A Federal Reserve Requirement Accounting
Appendix 18B Bankers Acceptances and Commercial Paper as
Sources of Financing
Ch. 19 Deposit Insurance and Other Liability Guarantees
Appendix 19A Calculation of Deposit Insurance Premiums
International edition Appendix 19B FDIC Press Releases of Bank Failures
Appendix 19C Deposit Insurance Coverage for Commercial Banks
FINANCIAL INSTITUTIONS MANAGEMENT in Various Countries
A Risk Management Approach, 7th Edition Ch. 20 Capital Adequacy
By Anthony Saunders, New York University and Marcia Millon Cornett, Appendix 20A Internal Ratings-Based Approach to Measuring Credit
Southern Illinois University—Carbondale Risk-Adjusted Assets
2011 (September 2010) / 864 pages Ch. 21 Product and Geographic Expansion
ISBN: 9780073530758 Appendix 21A EU and G-10 Countries: Regulatory Treatment of the
ISBN: 9780071289559 [IE without S&P] Mixing of Banking, Securities, and Insurance Activities and the Mixing
of Banking and Commerce (online)
www.mhhe.com/saunders7e Ch. 22 Futures and Forwards
Saunders and Cornett’s Financial Institutions Management: A Risk Appendix 22A Microhedging with Futures (online)
Management Approach 7/e provides an innovative approach that Ch. 23 Options, Caps, Floors, and Collars
focuses on managing return and risk in modern financial institutions. Appendix 23A Black-Scholes Option Pricing Model (online)
The central theme is that the risks faced by financial institutions Appendix 23B Microhedging with Options (online)
managers and the methods and markets through which these risks Ch. 24 Swaps
are managed are becoming increasingly similar whether an institution
Appendix 24A Setting Rates on an Interest Rate Swap
is chartered as a commercial bank, a savings bank, an investment
bank, or an insurance company. Although the traditional nature of each Ch. 25 Loan Sales
sector’s product activity is analyzed, a greater emphasis is placed on Ch. 26 Securitization
new areas of activities such as asset securitization, off-balance-sheet Appendix 26A Fannie Mae and Freddie Mac Balance Sheets (online)
banking, and international banking.

Contents
Part I Introduction
Ch. 1 Why Are Financial Institutions Special?
Appendix 1A The Financial Crisis: The Failure of Financial Services Financial Institutions
Specialness
Appendix 1B Monetary Policy Tools (online) and Markets
Ch. 2 Financial Services: Depository Institutions
Appendix 2A Financial Statement Analysis Using a Return on Equity
(ROE) Framwork (online)
Appendix 2B Commercial Bank’ Financial Statements and Analysis
(online)
Appendix 2C Depository Institutions and Their Regulators (online)
International edition
Appendix 2D Technology in Commercial Banking (online)
Ch. 3 Financial Services: Insurance NEW *9780078034664*
Ch. 4 Financial Services: Securities Brokerage and Investment
Banking
Ch. 5 Financial Services: Mutual Funds and Hedge Funds FINANCIAL MARKETS &
Ch. 6 Financial Services: Finance Companies
Ch. 7 Risks of Financial Institutions
INSTITUTIONS
Part II Measuring Risk 5th Edition
Ch. 8 Interest Rate Risk I
Appendix 8A The Maturity Model (online) By Anthony Saunders, New York University and
Appendix 8B Term Structure of Interest Rates Marcia Millon Cornett, Bentley University
Ch. 9 Interest Rate Risk II
Appendix 9A The Basics of Bond Valuation (online)
Appendix 9B Incorporating Convexity into the Duration Model
Ch. 10 Market Risk 2012 (September 2011) / 736 pages
Ch. 11 Credit Risk: Individual Loan Risk ISBN: 9780078034664
Appendix 11A Credit Analysis (online) ISBN: 9780071086745 [IE]
Appendix 11B Black-Scholes Option Pricing Model (online)
Ch. 12 Credit Risk: Loan Portfolio and Concentration Risk www.mhhe.com/sc5e
Appendix 12A CreditMetrics Financial Markets and Institutions, 5e offers a unique analysis of
Appendix 12B CreditRisk+ the risks faced by investors and savers interacting through financial
Ch. 13 Off-Balance-Sheet Risk institutions and financial markets, as well as strategies that can be
Appendix 13A A Letter of Credit Transaction (online) adopted for controlling and managing risks. Special emphasis is put
Ch. 14 Foreign Exchange Risk on new areas of operations in financial markets and institutions such
as asset securitization, off-balance-sheet activities, and globalization
Ch. 15 Sovereign Risk
of financial services.
Appendix 15A Mechanisms for Dealing with Sovereign Risk Exposure
Ch. 16 Technology and Other Operational Risks
New to this edition
Ch. 17 Liquidity Risk
Appendix 17A Sources and Uses of Funds Statement, Bank of ™™ McGraw-Hill’s Connect Finance. Connect Finance offers a
America, December 2005 (online) number of powerful tools and features to make managing assignments

93
Finance, Insurance & Real Estate

easier, so you can spend more time teaching. Students can engage 12. Commercial Banks’ Financial Statements and Analysis
with their coursework anytime and anywhere, making the learning 13. Regulation of Commercial Banks
process more accessible and efficient. In short, Connect Finance Part IV. Other Financial Institutions
facilitates student learning and optimizes your time and energies, ena- 14. Other Lending Institutions: Savings Institutions, Credit Unions,
bling you to focus on course content, teaching, and student learning. and Finance Companies
ƒƒ Create and deliver online, auto-graded homework assignments, 15. Insurance Companies
quizzes, and tests directly from the end-of-chapter materials or 16. Securities Firms and Investment Banks
test bank. Problems are available as both static and algorithmic 17. Mutual Funds and Hedge Funds
problems. 18. Pension Funds
ƒƒ Students receive immediate, detailed feedback on their assign- Part V. Risk Management in Financial Institutions
ments, allowing them to focus on the areas where they need 19. Types of Risks Incurred by Financial Institutions
improvement. 20. Managing Credit Risk on the Balance Sheet
ƒƒ Questions mapped to AACSB skill areas, Bloom’s Taxonomy levels, 21. Managing Liquidity Risk on the Balance Sheet
and difficulty level enable you to run reports that assess specific 22. Managing Interest Rate and Insolvency Risk on the Balance Sheet
learning outcomes. 23. Managing Risk off the Balance Sheet with Derivative Securities
ƒƒ Pre-built assignments are available to save you set up time. 24. Managing Risk off the Balance Sheet with Loan Sales and Se-
curitization
™™ Connect Plus Finance. This packaging option combines all the
great features of Connect Finance, along with access to an online
version of Financial Markets and Institutions, linked to additional
study features, so that students can easily refer back to the text for
review and guidance.
FINANCIAL MARKET
™™ Extensive new coverage of and features related to the financial By Pok Wee Ching, Mohd Nizal Haniff, Ganisen Sinnasamy, Rashid
crisis of 2008-2009 have been integrated throughout the text. Virtu- Ameer, Sharifah Fadzlon Abdul Hamid
ally every chapter includes new material detailing how the financial 2010 (December 2009) / 350 pages
crisis affected risk management in financial institutions. Examples of ISBN: 9789833850891 [Printed and Sold in Malaysia]
this new coverage include: An Asian Publication
ƒƒ New Appendix 1A describing events leading up to the financial Financial Market is an introductory textbook in the area of finance.
crisis, events occurring at the peak of the crisis, and events associ- The book discusses on various basic topics on Malaysian financial
ated with the aftermath of the crisis, including changes to financial market such investing in shares, bonds and derivatives instruments.
institutions, the impact on the US and world economics, federal fi- It endeavors to provide a clear, simple and practical style of delivering
nancial and fiscal rescue efforts, and proposed regulatory changes. the subject matter to the reader via worked examples, graphs, tables
ƒƒ A new boxed feature, Notable Events from the Financial Crisis, and illustrations. This is to ensure readers have good grasps of the
appears throughout the book. basic principles, theories and practical applications. The book also
includes topics of regional and global importance such as the Asian
ƒƒ Chapter 4 includes discussion of the actions taken by the Federal
Financial Crisis and recent US Subprime Mortgage Crisis to provide
Reserve and other international central banks during and after an understanding of the impact of the crisis to the financial market.
the financial crisis. Another key distinguishing feature of this book is it has included a
ƒƒ Chapters 5 through 10 highlight the effects of the financial crisis chapter about the Malaysian Islamic Capital Market. The discussion
on various financial markets and include discussions of the freez- about the various Islamic financial instruments has been kept simple
ing of commercial paper markets, the municipal default crisis, the without excessive technical and legal jargons. This clearly differenti-
mortgage market meltdown, and the role of credit derivatives in ates it from others on the shelf. The authors hope that the book’s focus
the financial crisis. on easy manner discussion approach to the various financial emerging
ƒƒ Chapter 13 provides a synopsis of the Wall Street Reform and topics would leave the reader intellectually stimulated and satisfied.
Consumer Protection Act of 2010, the FDIC’s attempts to deal
with the liquidity crisis, a discussion of the TARP Capital Purchase
Program, and a review of the new international capital standards
being implemented for depository institutions worldwide.
ƒƒ Several chapters include discussions of major firms that have FINANCIAL MARKET ESSENTIALS
been lost or dramatically altered as a result of the financial crisis, By Christopher Viney
including the failure of Bear Stearns, Lehman Brothers, and AIG; 2010 (November 2010)
conversions of Goldman Sachs, Morgan Stanley, GMAC, and CIT ISBN: 9780070286658
Group to bank holding companies; the failure of Primary Reserve
McGraw-Hill Australia Title
Money Market Funds, and the failure of CIT Group.
™™ Tables and figures in all chapters have been updated to include www.mhhe.com/au/viney_ess1e
the most recent available data. Christopher Viney is firmly established as Australia’s leading textbook
author in Financial Institutions and Markets thanks to his market-
Contents leading title Financial Institutions Instruments & Markets. Now Viney
Part I. Introduction and Overview of Financial Markets has produced a completely new text to provide first year students with
1. Introduction a quality, authoritative product in a package that meets the unique
2. Determinants of Interest Rates needs of a shorter, first year course: Financial Market Essentials.
Financial Market Essentials is a ground-up text from a trusted name,
3. Interest Rates and Security Valuation
specifically designed for use by academics that need a resource for a
4. The Federal Reserve System, Monetary Policy, and Interest Rates 12 week course. It is carefully crafted to cover the essentials without
Part II. Securities Markets omitting important concepts. It strikes the right balance between
5. Money Markets real-world examples and theory, is full of current issues and topical
6. Bond Markets cases and, thanks to Viney’s enthusiasm and style, this is a text that
7. Mortgage Markets really engages students.
8. Stock Markets
9. Foreign Exchange Markets Features
10. Derivative Securities Markets
™™ Comprehensive coverage of globalisation, deregulation, technol-
Part III. Commercial Banks
ogy and competition
11. Commercial Banks: Industry Overview

94
Finance, Insurance & Real Estate

™™ Finance Minutes case studies and chapter on government debt 21 Interest rate swaps, currency swaps and credit default swaps
updated in light of current issues in finance
™™ New chapter on risk management and derivatives

CONTENTS
Ch 1. What is a financial system and how does it work?
Ch 2. Interest rates, monetary policy and the economy Bank Management
Ch 3. Commercial banks and investment banks
Ch 4. Personal finance
Ch 5. Business finance
Ch 6. Corporate finance
Ch 7. The stock exchange
Ch 8. Understanding the share market
International edition
Ch 9. International financial markets
Ch 10. Government debt and the payments system NEW *9780078034671*
Ch 11. An introduction to risk management and derivatives
Ch 12. Case studies in financial crises
BANK MANAGEMENT &
FINANCIAL SERVICES
9th Edition
FINANCIAL INSTITUTIONS, INSTRUMENTS
By Peter S Rose, Texas A&M University and
AND MARKETS Sylvia C Hudgins, Old Dominion University
6th Edition
By Christopher Viney, Deakin University
2009
ISBN: 9780070140899 2013 (February 2012) / 768 pages
McGraw-Hill Australia Title ISBN: 9780078034671
www.mhhe.com/au/viney6e ISBN: 9780071326421 [IE]

This text discusses the structure, functions and operations of a www.mhhe.com/rosehudgins9e


modern financial system and, crucially, recognises that finance is a Bank Management and Financial Services, now in its ninth edition,
global business. Therefore, as well as solid integration of the local is designed primarily for students interested in pursuing careers in
financial environment, the international aspect has been considered or learning more about the financial services industry. It explores the
essential and means the text is as relevant to a commercial bank in services that banks and their principal competitors (including savings
Hong Kong as to an investment bank in Sydney. Comprehensively and loans, credit unions, security and investment firms) offer in an
updated to take account of the continuing crisis in the world financial increasingly competitive financial-services marketplace.
market, this text has been further improved with an additional chapter
on risk management and derivatives. This provides flexibility to the
Contents
lecturer, who may choose to cover the four chapters in Part 6 or rely
simply on the more concise coverage of Chapter 18. PART ONE Introduction to Banking and Financial Services
1. An Overview of the Changing Financial-Services Sector
Contents 2. The Impact of Government Policy and Regulation on the Financial-
Part 1: Financial Institutions Services Industry
1 A modern financial system: An overview 3. The Organization and Structure of Banking and the Financial-
2 Commercial banks Services Industry
3 Non-bank financial institutions 4. Establishing New Banks, Branches, ATMs, Telephone Services,
Part 2: Equity Markets and Web Sites
4 The share market and the corporation PART TWO Financial Statements and Financial-Firm Performance
5 Corporations issuing equity in the share market 5. The Financial Statements of Banks and Their principal Competitors
6 Investors in the share market 6. Measuring and Evaluating the Performance of Banks and Their
7 Forecasting share price movements Principal Competition
Part 3: The Corporate Debt Market PART THREE Tools for Managing and Hedging Against Risk
8 Mathematics of finance: An introduction to basic concepts and 7. Risk Management for Changing Interest Rates: Asset-Liability
calculations Management and Duration Techniques
9 Short-term debt 8. Risk Management: Financial Futures, Options, Swaps, and Other
10 Medium- to long-term debt Hedging Tools
11 International debt markets 9. Risk Management: Asset-Backed Securities, Loan Sales, Credit
Part 4: Government, Debt, Monetary Policy, The Payment System Stanbys, and CreStandbysivatives
& Interest Rates PART FOUR Managing Investment Portfolios and Liquidity Posi-
12 Government debt, monetary policy and the payments system tions for Financial Firms
13 An introduction to interest rate determination and forecasting 10. The Investment Function in Financial Services Management
14 Interest rate risk measurement 11. Liquidity and Reserves Management: Strategies and Policies
Part 5: The Foreign Exchange Market PART FIVE Managing Sources of Funds for a Financial Firm
15 Foreign exchange: The structure and operation of the FX market 12. Managing and Pricing Deposit Services
16 Foreign exchange: Factors that influence the exchange rate 13. Managing Nondeposit Liabilities
17 Foreign exchange: Risk identification and management 14. Investment Banking, Insurance, and Other Sources of Fee Income
Part 6: Derivative Markets and Risk Management 15. The Management of Capital
18 An introduction to risk management and derivatives PART SIX Providing Loans to Businesses and Consumers
19 Futures contracts and forward rate agreements 16. Lending Policies and Procedures: Managing Credit Risk
20 Options 17. Lending to Business Firms and Pricing Business Loans
18. Consumer Loans, Credit Cards, and Real Estate Lending

95
Finance, Insurance & Real Estate

International Financial Part Four: World Financial Markets and Institutions


Chapter 11: International Banking and Money Market
Management Chapter 12: International Bond Market
Chapter 13: International Equity Markets
Chapter 14: Interest Rate and Currency Swaps
Chapter 15: International Portfolio Investment
Part Five: Financial Management of the Multinational Firm
Chapter 16: Foreign Direct Investment and Cross-Border Acquisitions
Global edition Chapter 17: International Capital Structure and the Cost of Capital
Chapter 18: International Capital Budgeting
Chapter 19: Multinational Cash Management
NEW *9780078034657* Chapter 20: International Trade Finance
Chapter 21: International Tax Environment and Transfer Pricing

INTERNATIONAL FINANCIAL
MANAGEMENT
6th Edition
International edition
By Cheol Eun, Georgia Inst of Tech and Bruce G
Resnick, Wake Forest University INTERNATIONAL CORPORATE FINANCE
By Ashok Robin, Rochester Institute Technology
2011 (January 2010) / 512 pages
ISBN: 9780073530666
2012 (March 2011) / 576 pages ISBN: 9780071325868 [IE]
ISBN: 9780078034657 www.mhhe.com/robin1e
ISBN: 9780071316972 [GE] - pub Oct 2011 With the ongoing global economic crisis still taking full effect on today’s
www.mhhe.com/er6e society, International Corporate Finance 1e brings a fresh approach
and perspective on present events. This text focuses on a key player
International Financial Management is written based on two distinct in this financial world: multinational corporations (MNC). By applying
parts: emphasis on the basics and emphasis on a managerial per- general financial concepts and procedures, it explains the conduct
spective. As capital markets of the world become more integrated, a of financial management in MNCs. Because most corporations are
solid understanding of international finance has become essential for either directly or indirectly affected by multinational entities and have
astute corporate decision making. International Financial Manage- a global exposure, a study of MNCH financial management has broad
ment, Sixth Edition, provides students with a foundation for analysis applicability. This new text takes a quantitative approach with an
that will serve them well in their careers ahead. The decision-making emphasis on excel spreadsheets and current examples.
process is presented through the text with the goal of teaching
students how to make informed managerial decisions in an evolv- Contents
ing global financial landscape. International Financial Management
has been completely updated with the most current data tables and Chapter 1: Introduction
statistics in the field today. Chapter 2: International Financial Markets: Structure and Innovation
Chapter 3: Currency and Eurocurrency Derivatives
New to this edition Chapter 4: Currency Systems and Valuation
Chapter 5: Currency Parity Conditions
™™ New and expanded coverage of recent economic developments
Chapter 6: Currency Risk Exposure Measurement
such as the global financial crisis, the sovereign debt crisis of Europe,
Chapter 7: Currency Exposure Management
cross-listing and security regulation, and Basel III capital adequacy
Chapter 8: Capital Budgeting
standards.
Chapter 9: Advanced Capital Budgeting
™™ Application of key concepts through real-world scenarios, il- Chapter 10: Long Term Financing
lustrated by International Finance in Practice boxes, Mini-cases, Chapter 11: Optimizing and Financing Working Capital
and Case Applications. New real-world examples cover topics such Chapter 12: International Alliances and Acquisitions
as hedging, FX market growth, and the danger of currency swaps. Chapter 13: International Trade
Chapter 14: International Taxation and Accounting
™™ Fully updated market data and statistics are integrated through- Chapter 15: International Portfolio Investments
out the text. Some of this includes updated statistical analysis of
international markets and diversification with small-cap stocks.

Contents
Part One: Foundations of International Financial Management INTERNATIONAL FINANCE
Chapter 1: Globalization and the Multinational Firm
An Analytical Approach, 3rd Edition
Chapter 2: International Monetary System
By Imad Moosa, La Trobe University
Chapter 3: Balance of Payments
2009 (November 2009)
Chapter 4: Corporate Governance Around the World
Part Two: The Foreign Exchange Market, Exchange Rate Deter- ISBN: 9780070278516
mination, and Currency Derivatives McGraw-Hill Australia Title
Chapter 5: The Market for Foreign Exchange www.mhhe.com/au/moosa3e
Chapter 6: International Parity Relationships and Forecasting Foreign
Exchange Rates The third edition of Imad Moosa’s International Finance text has been
Chapter 7: Futures and Options on Foreign Exchange significantly updated and revised in this long awaited third edition.
The book is organised by starting with the basic concepts, markets,
Part Three: Foreign Exchange Exposure and Management
institutions and arrangements before moving on to a description of
Chapter 8: Management of Transaction Exposure international financial operations. The book integrates international
Chapter 9: Management of Economic Exposure coverage with appropriate discussions of Australia and the regional
Chapter 10: Management of Translation Exposure context throughout. With a clear and engaging writing style, strong

96
Finance, Insurance & Real Estate

pedagogical framework and current data International Finance is the


ideal choice for upper level undergraduate and postgraduate courses. Financial Planning
Contents
Ch 1 An Overview
Ch 2 The Foreign Exchange Market
Ch 3 The Balance of Payments and Effective Exchange Rate
Ch 4 Exchange Rate Determination financial planning and wealth
Ch 5 The International Monetary System and Exchange Rate Ar- management
rangements An International Perspective
Ch 6 The Eurocurrency Market and International Banking By Louis T W Cheng, Yan Tak Leung and Y H Wong
Ch 7 International Banking Regulation and Basel Accords
2009 (August 2008) / Softcover
Ch 8 Exchange Rate Forecasting, Technical Analysis and Trading
ISBN: 9780071249843
Rules
Ch 9 Currency Futures and Swaps An Asian Publication
Ch 10 Currency Options Financial Planning and Wealth Management provides an updated date
Ch 11 International Arbitarage and detailed documentation on what financial planning and wealth
Ch 12 Foreign Exchange Risk and Exposure management means and how it is being implemented in theory and
Ch 13 Foreign Exchange Risk Management practice. This textbook also provide insights on the future develop-
Ch 14 International Short-Term Financing and Investment ment of the professions, and new theoretical concepts that are not
Ch 15 International Long-Term Financing and Investment popular now but are critical to enhance the financial planning and
wealth management services for clients in the long run. This book
Ch 16 Foreign Direct Investment and International Capital Budgeting
is the first of its kind published in Asia providing a holistic knowledge
Useful websites on financial planning and wealth management in a textbook format.
Currency symbols
List of formulae Contents
Glossary
Index Part I Fundamental Concepts of Financial Planning and Wealth
Management
1 An Overview of the Financial Planning and Wealth Management
Professions
2 Financial Planning: Basic Concepts, Professional Ethics, and
Practice Standards

Behavioral Finance 3 Essential Concepts in Economics and Finance


4 Financial Planning Components (Part I)
5 Financial Planning Components (Part II)
6 Personal Profiling, Risk Profiling, and Life-cycle Analysis
Part II The Financial Planning Process
7 Step 1: Establishing Client-Planner Relationship
8 Step 2: Determining Client Goals and Expectations and Gathering
International edition Client Data
9 Step 3: Determining Client’s Current Financial Status
BEHAVIORAL CORPORATE FINANCE 10 Step 4: Developing and Presenting the Financial Plan
By Hersh Shefrin, Santa Clara University 11 Steps 5 and 6: Implementing and Monitoring the Financial Plan
2007 (November 2005) / 384 pages Part III Wealth Management
ISBN: 9780072848656 12 Investment Techniques (Part I)
13 Investment Techniques (Part II)
ISBN: 9780071257367 [IE]
14 Asset Allocation Strategies
www.mhhe.com/shefrin Part IV Advanced Topics
Contents 15 The Concept of Total Life Planning
16 Total Wealth Index
1- Behavioral Foundations. 17 Conclusion
2- Valuation.
3- Capital Budgeting.
4- Perceptions About Risk and Return.
5- Inefficient Markets and Corporate Decisions.
6- Capital Structure.
7- Dividend Policy.
8- Agency Conflicts and Corporate Governance.
9- Group Process.
10- Mergers and Acquisitions.
11- Application of Real-Option Techniques to Capital Budgeting and
Capital Structure (on the website only) REVIEW COPY
(Available for course adoption only)
To request for a review copy,
ƒƒ contact your local McGraw-Hill
representatives or,
ƒƒ fax the Review Copy Request Form found
in this catalog or,
ƒƒ e-mail your request to
mghasia_sg@mcgraw-hill.com or,
ƒƒ submit online at www.mheducation.asia

97
Finance, Insurance & Real Estate

Personal Finance ™™ The goal of building a personal financial plan is emphasized by


the model: Learn, Plan & Act, Evaluate (LPAE). This model is updated
in every chapter.
™™ Learn - bulleted summaries of the topics students have studied
and the objectives achieved.

International edition ™™ Plan & Act - a checklist of action items for students to do while
setting up their financial plan.

NEW *9780073530659* ™™ Evaluate - questions that help students analyze the effective-
ness of their plan.
PERSONAL FINANCE ™™ An online Goal Tracker at the end of each chapter helps stu-
By Robert Walker, Kirkwood Comm College dents create their own financial plan and align their personal goals
2013 (February 2012) / 704 pages with their finances.
ISBN: 9780073530659
ISBN: 9780071318181 [IE] ™™ Worksheets, highlighted at the end of each chapter (and housed
in full online), show students step-by-step how to get financial aspects
This new book offers students a comprehensive and engaging treat- of their lives under control. For example, in Chapter 5, a chapter on
ment of personal finance, while incorporating unique themes, an credit cards, one of the accompanying worksheets guides students
application-driven pedagogy, and a definitive action plan. Unlike other
through how to access a credit report, follow up on inaccuracies, and
texts on the market, it offers a frank and timely discussion of living
within one’s means and incorporating personal values and priorities develop action plans to improve their overall score.
into a personal financial plan. The intent is to help readers set priori- ™™ QR Codes allow access to relevant content about current events
ties that guide their finances, rather than the other way around. This
remind students of the broader implications of personal finance.
book establishes a path toward financial freedom that is less about
accumulating wealth and more about building a future tailored to ™™ In addition, Personal Finance addresses two persistent course
individual goals. With Walker/Walker, your future looks bright! challenges: how to engage students in the material and how to reach
students who lack the computational skills needed to solve financial
EATURES problems.
™™ Personal Finance focuses on three main goals and themes: re- ™™ 1. Engaging Students – To help students become and stay
sponsible financial decision making, alignment of personal and finan- engaged with the variety of personal finance topics in the course,
cial goals, and the importance of maintaining a personal financial plan. the textbook includes:
™™ 1. Responsible Financial Decision Making – Before students can ™™ Chapter-opening scenarios that make the topics real and relat-
develop their own financial plan, they must understand the key terms, able to student readers. Personal finance is, well, personal. The
concepts, and principles of financial planning. To address that need, chapter-opening scenarios lay the groundwork for the importance of
the text offers a comprehensive table of contents and pedagogical the chapter topic by sharing the stories of real people. These stories
features, providing students with the foundation they need to make illuminate how financial planning (or the lack of) affects people dif-
responsible financial decisions. ferently depending on their age and life situation.
™™ Learning Objectives shape the organization and goals of each ™™ In the News boxes, which incorporate current events into the text.
chapter. These objectives link to individual sections of the book and
are referenced in the review and assessment materials, allowing ™™ Examples of real-life situations to reinforce concepts and les-
instructors to assign the most important concepts in personal finance sons. These examples are taken from current events, hypothetical
in a deliberate and complete fashion and test students’ mastery of situations, and actual experiences.
that content.
™™ Financial Fitness boxes, which provide additional interesting
™™ Concept checks in the Making Sense boxes at the end of each and useful tips and information about different aspects of financial
section test students’ retention of key content. planning.

™™ Quality end-of-chapter concept questions and quantitative prac- ™™ You’re the Expert cases, which are extended problems that put
tice problems, along with a running case for concept application, allow students in hypothetical situations and then ask them to lay out a
additional opportunities for assessment and review. financial plan and solve problems.

™™ 2. Alignment of Personal and Financial Goals – Personal ™™ Interesting quotes about finance. Students have enjoyed the
Finance sets itself apart from the field by helping students direct Walkers’ quotes and have demonstrated their enthusiasm by sharing
their finances according to their goals. While maximizing wealth new ones, many of which are included in this volume.
may well be in the long-term interests of many, not everyone is
™™ Live and interactive media through the authors’ blog (www.frugal-
going to be wealthy – nor is everyone motivated by the pursuit
funandfinancialfitness.blogspot.com) and Twitter account (@frugal-
of wealth. Similarly, the text examines the value of mindful
finances). Through these resources, students can access additional
spending and emphasizes the importance of living within one’s
articles, tips, and thoughts about finance directly from the authors.
means by living simply, reducing consumption, and budgeting
for a long-term, sustainable financial plan. ™™ QR codes, which enable students to use their smartphones to
access relevant, updated content about current events or chapter
™™ Financial Fitness / Stopping Little Leaks boxes give creative and,
quizzes directly from the Walker website.
in some cases, eye-opening tips about how cutting down on small,
unnecessary spending can lead to big savings. ™™ 2. Solving Financial Problems – To help students master the
math in personal finance, the text incorporates the following strate-
™™ An online Every Penny Counts spending journal and instructions
gies and tools:
for using it effectively encourages mindful spending.
™™ A detailed explanation of time value of money early in the book
™™ Maintaining a Personal Financial Plan – Students are encour-
(Chapter 2). This allows students time to learn the concept and then
aged to actively assess their relationship with money by including in
move on to applying it throughout the course, in different areas of
every section examples relevant to students’ lives and plans. In this
personal finance.
way, the text teaches students to make and review financial plans
as a lifelong habit.

98
Finance, Insurance & Real Estate

™™ Doing the Math boxes throughout each chapter present example


problems that require the use of financial calculations to solve. International edition
™™ Connect Finance offers a number of powerful tools and features
to make managing assignments easier, so you can spend more time NEW *9780073530697*
teaching. Students can engage with their coursework anytime and
anywhere, making the learning process more accessible and efficient.
™™ Create and deliver online, auto-graded homework assignments, PERSONAL FINANCE
quizzes, and tests directly from the end-of-chapter materials or test 10th Edition
bank. Problems are available as both static and algorithmic problems,
and there are also multiple-choice conceptual questions. By Jack R Kapoor, College of Dupage, Les
R Dlabay, Lake Forest College and Robert J
™™ Students receive immediate, detailed feedback on their as- Hughes, Dallas County Comm College
signments, allowing them to focus on the areas where they need
improvement.
™™ Questions mapped to AACSB skill areas, Bloom’s Taxonomy
levels, and difficulty level enable you to run reports that assess spe- 2012 (January 2011) / 768 pages
cific learning outcomes. ISBN: 9780073530697
™™ Interactive Applications stimulate critical thinking and reinforce ISBN: 9780071327657 [IE]
key concepts, and students receive immediate feedback and can track www.mhhe.com/kapoor10e
their progress in their own report. Students will be asked to “click and
Your journey to financial freedom starts here! Kapoor/Dlabay/Hughes’
drag” specific choices to make decisions, categorize, or put in a time market-leading Personal Finance provides practical guidance on how
sequence, and then are asked multiple-choice questions to confirm students can achieve peace of mind with regard to their financial situ-
understanding of the key concepts of the activity. ation. It provides many financial planning tools using a step-by-step
approach to help students identify and evaluate choices as well as
™™ Detailed Feedback offers the option to present worked-out solu-
understand the consequences of decisions in terms of opportunity
tions to the problem, showing the students each step of the process. costs. Managing money in order to obtain freedom from financial
Appropriate chapters and problems include calculator keystroke worries – that’s what the 10th edition of Personal Finance is all about!
solutions in addition to formulas.
™™ A Self Quiz and Study program allows students to evaluate New to this edition
their performance through a practice test and then receive recom- ™™ McGraw-Hill Connect Finance
mendations for specific readings from the text, supplemental study
material, and practice work that will improve their mastery of each Connect Finance offers a number of powerful tools and features to
learning objective. make managing assignments easier, so you can spend more time
teaching. Students can engage with their coursework anytime and
™™ Pre-built assignments are available to save you set up time. anywhere, making the learning process more accessible and efficient.
In short, Connect Finance facilitates student learning and optimizes
™™ Connect Plus Finance combines all the great features of Con- your time and energies, enabling you to focus on course content,
nect Finance, along with access to an online version of Personal teaching, and student learning.
Finance, so that students can easily refer back to the text for review
and guidance. This media rich e-book links directly to tutorials and ƒƒ Create and deliver online, auto-graded homework assignments,
online resources. quizzes, and tests directly from the end-of-chapter materials or
test bank. Problems are available as both static and algorithmic
CONTENTS problems, and there are also multiple-choice conceptual questions.
ƒƒ Students receive immediate, detailed feedback on their assign-
Section One: MONEY $ MONEY $ MONEY $
ments, allowing them to focus on the areas where they need
Chapter 1 Money Matters: Values, Vision, Mission, and You
improvement.
Chapter 2 Time Value of Money
ƒƒ Questions mapped to AACSB skill areas, Bloom’s Taxonomy levels,
Chapter 3 Planning and Budgeting
and difficulty level enable you to run reports that assess specific
Chapter 4 Financial Instruments and Institutions
learning outcomes.
Section Two: CREDIT MANAGEMENT
ƒƒ LearnSmart ensures your students are learning faster, studying
Chapter 5 Consumer Credit: Credit Cards and Student Loans
more efficiently, and retaining more knowledge. It pinpoints con-
Chapter 6 Credit Bureau Reports and Identity Theft
cepts the student does not understand and maps out a personalized
Chapter 7 Auto and Home Loans
study plan for success. Based on students’ self-diagnoses of their
Chapter 8 Debt, Foreclosure, and Bankruptcy
proficiency, LearnSmart intelligently provides students with a series
Section Three: LIMITING YOUR LIABILITY
of adaptive questions. This provides students with a personalized
Chapter 9 Tax Management
one-on-one tutor experience.
Chapter 10 Insurance: Covering Your Assets
ƒƒ Interactive Applications stimulate critical thinking and reinforce key
Section Four: WEALTH ACCUMULATION
concepts, and students receive immediate feedback and can track
Chapter 11 Investment Basics
their progress in their own report. Students will be asked to “click
Chapter 12 Mutual Funds
and drag” specific choices to make decisions, categorize, or put in
Chapter 13 Stocks
a time sequence, and then are asked multiple-choice questions to
Chapter 14 Bonds
confirm understanding of the key concepts of the activity.
Chapter 15 Real Estate Investments
ƒƒ A Self Quiz and Study program allows students to evaluate their
Section Five: PERPETUAL PAYOFFS
performance through a practice test and then receive recommen-
Chapter 16 Retirement and Estate Planning
dations for specific readings from the text, supplemental study
Chapter 17 Financial Planning for Life
material, and practice work that will improve their mastery of each
learning objective.
ƒƒ Pre-built assignments are available to save you set up time.
™™ Connect Plus Finance. This packaging option combines all the
great features of Connect Finance, along with access to an online

99
Finance, Insurance & Real Estate

version of Personal Finance, linked to additional study features, so


that students can easily refer back to the text for review and guidance. NEW *9780071078863*
™™ In response to the economic crisis, the authors address the real
and changing financial needs and dilemmas of students. For example,
the book guides students through career planning and discusses the MANAGING YOUR
importance of identifying their own strengths and weaknesses as
PERSONAL FINANCE
well as opportunities and threats within their chosen field. In a time
when finding a job is especially challenging, the book also suggests
By Patrick Kheng Ping Chan
actions for improving employability in tough economic times. In ad-
dition, Personal Finance, 10e addresses getting and staying out of
debt; financing college education; managing a future financial crisis;
and investing in conservative securities to minimize losses during
economic downturns.
2011 (August 2010) / 160 pages
™™ Every chapter has been revised and updated with information
ISBN: 9780071078863
most relevant to today’s students. New material includes coverage of:
An Asian Publication
ƒƒ Financial planning, housing, and banking phone applications
ƒƒ Social entrepreneurship as a career option Managing Your Personal Finances aims to increase the financial
ƒƒ Cross-cultural financial services literacy of individuals and help them to better manage their finances.
ƒƒ Rent-to-buy options Covering the insights and various elements of personal financial plan-
ning, this book equips them with the financial road map and tools,
ƒƒ New legislation including the Credit Card Act of 2009, The Patient
via a structured financial planning process alongside relevant case
Protection and Affordable Care Act, and The Health Care and studies and useful pointers, to help them achieve their financial goals.
Education Reconciliation Act of 2010 Managing Your Personal Finances lays the foundation essential for
™™ The Tenth Edition builds on an already unmatched pedagogical managing one’s personal finances. The book is organized into 5 main
program with the following new features: parts focusing on the 5G of wealth management.
ƒƒ How To boxes in every chapter walk students step by step through
Contents
specific personal finance activities such as filing taxes online or
opening a brokerage account. Preface
ƒƒ New “My Life Stages” boxes at the end of each chapter recom- About the Author
mend to students the financial preparations they should consider at Part 1- Grounding your wealth
different stages in their life. This addresses the needs of changing Chapter 1 Why do you want to be a millionaire?
demographics within the personal finance course area since it now Chapter 2 Mind your own finances
includes many returning and part time students. Chapter 3 Financial health checkup
Part 2- Generating your wealth
Contents Chapter 4 Creation of wealth: Multiple sources of income
Part 1 Planning Your Personal Finances Chapter 5 Cash management: Making your money work harder
1 Personal Finance Basics and the Time Value of Money than you
Appendix: The Time Value of Money Part 3- Guarding your wealth
2 Financial Aspects of Career Planning Chapter 6 Wealth preservation with debt management
Appendix: Resumes, Cover Letters, and Interviews Chapter 7 Wealth preservation with tax planning
3 Money Management Strategy: Financial Statements and Budgeting Chapter 8 Wealth protection with insurance planning
4 Planning Your Tax Strategy Part 4- Growing your wealth
Part 2 Managing Your Personal Finances Chapter 9 Compounding your money for wealth growth
5 Financial Services: Savings Plans and Payment Accounts Chapter 10 Wealth accumulation with investment
6 Introduction to Consumer Credit Part 5 – Giving your wealth
7 Choosing a Source of Credit: The Costs of Credit Alternatives Chapter 11 Wealth accumulation for retirement
Part 3 Making Your Purchasing Decisions Chapter 12 Wealth distribution with estate planning
8 Consumer Purchasing Strategies and Legal Protection References
9 The Housing Decision: Factors and Finances
Part 4 Insuring Your Resources
10 Property and Motor Vehicle Insurance
11 Health, Disability, and Long-Term Care Insurance
12 Life Insurance International edition
Part 5 Investing Your Financial Resources
13 Investing Fundamentals PERSONAL FINANCIAL PLANNING
14 Investing in Stocks By Lewis J Altfest, PACE University
15 Investing in Bonds 2007 (April 2006) / 704 pages
16 Investing in Mutual Funds ISBN: 9780072536409
17 Investing in Real Estate and Other Investment Alternatives ISBN: 9780071252935 [IE]
Part 6 Controlling Your Financial Future
18 Starting Early: Retirement Planning www.mhhe.com/altfest
19 Estate Planning CONTENTS
Appendixes
PART I PLANNING BASICS.
Appendix A: Financial Planners and Other Financial Planning Infor-
Chapter 1 Introduction to PFP.
mation Sources
Chapter 2 Time Value of Money.
Appendix B: Consumer Agencies and Organizations
Chapter 3 Beginning the Planning Process.
Appendix C: Daily Spending Diary
PART II ONGOING HOUSEHOLD PLANNING.
Endnotes
Chapter 4 Household Finance.
Photo Credits
Chapter 5 Financial Statements Analysis.
Index
Chapter 6 Cash Flow Planning.
Personal Financial Planner

100
Finance, Insurance & Real Estate

Chapter 7 Debt. hypothesis, fair value accounting, and the financial rating agencies
PART III PORTFOLIO MANAGEMENT. in precipitating the crisis.
Chapter 8 Non Financial Investments.
™™ The examination of Kraft Foods Corporation’s $23 billion hostile
Chapter 9 Financial Investments.
takeover of British confectioner Cadbury Plc, including the role played
Chapter 10 Risk Management.
by activist investor Nelson Peltz.
PART IV SPECIALIZED PLANNING.
Chapter 11 Other Insurance. ™™ Expanded coverage of real options analysis, including decision
Chapter 12 Retirement Planning. trees.
Chapter 13 Educational Planning.
PART V TAX AND ESTATE PLANNING. ™™ An update of the empirical evidence on corporate restructuring
Chapter 14 Tax Planning. and shareholder value creation.
Chapter 15 Estate Planning. ™™ The use of Sensient Technologies Corporation (SXT), the world’s
PART VI PLANNING ESSENTIALS. largest food and beverage color company, as an extended example
Chapter 16 Stocks, Bonds and Mutual Funds. throughout the book.
Chapter 17 Background Topics.
PART VII INTEGRATED DECISION MAKING. ™™ Fresh examples throughout the text, including new company ex-
Chapter 18 Capital Needs Analysis. amples and updated data to keep the text at the forefront of currency.
Chapter 19 Behavioral Financial Planning.
Contents
Chapter 20 Completing the Process.
PART VIII FURTHER SPECIALIZED TOPICS. Part I: Assessing the Financial Health of the Firm
A. Special Circumstances Planning. Chapter 1: Interpreting Financial Statements
B. Career Basics. Chapter 2: Evaluating Financial PerformanceAppendix: International
C. Regulation. Differences in Financial Structure
Appendix A Modern Investment Theory. Part II: Planning Future Financial Performance
Appendix B Employee Benefits. Chapter 3: Financial Forecasting
Appendix C Behavioral Finance-Applications. Chapter 4: Managing Growth
Appendix D Comprehensive Financial Plan-Dan and Laura. Part III: Financing Operations
*Web based Chapter 5: Financial Instruments and Markets
Appendix: Using Financial Instruments to Manage Risks
Chapter 6: The Financing Decision
Appendix: The Irrelevance Proposition
Part IV: Evaluating Investment Opportunities
Chapter 7: Discounted Cash Flow Techniques
Finance for the Appendix: Mutually Exclusive Alternatives and Capital Rationing
Chapter 8: Risk Analysis in Investment Decisions
Non-Financial Managers Appendix: Asset Beta and Adjusted Present Value
Chapter 9: Business Valuation and Corporate Restructuring
Appendix: The Venture Capital Method of Valuation
Appendix A: Present Value of $1
Appendix B: Present Value of an Annuity of $1
Glossary
International edition Suggested Answers to Odd-Numbered End-of-Chapter Problems

NEW *9780078034688*
ANALYSIS FOR FINANCIAL
MANAGEMENT
10th Edition

By Robert C Higgins, University of Washington

2012 (December 2011) / 480 pages


ISBN: 9780078034688
ISBN: 9780071086486 [IE] Invitation to Publish
www.mhhe.com/higgins10e
McGraw-Hill is interested to review your
Analysis for Financial Management, 10e presents standard tech-
textbook proposals for publication.
niques and modern developments in a practical and intuitive manner
with an emphasis on the managerial applications of financial analysis. Please contact your local McGraw-Hill office or
It is intended for non-financial managers and business students email to asiapub@mcgraw-hill.com.
interested in the practice of financial management.
Visit McGraw-Hill Education (Asia)
New to this edition Website: http://www.mheducation.asia/publish/
™™ Discussion of relevant aspects of the recent financial crisis,
with emphasis on the possible roles played by the efficient market

101
Finance, Insurance & Real Estate

Risk Management Mathematics of Finance

International edition NEW *9780071288934*


RISK MANAGEMENT AND INSURANCE
2nd Edition Financial Mathematics
By Scott Harrington and Gregory Niehaus of University So Carolina- for Actuaries
Columbia
2004 / 704 pages By Wai-Sum Chan, Chinese University of Hong
ISBN: 9780072339703 Kong and Yiu-Kuen Tse, Singapore Management
University
ISBN: 9780071232449 [IE - 2 Color Text]
www.mhhe.com/hn2e
CONTENTS
1. Risk and Its Management 2011 (Oct 2010) / 336 pages
2. Objectives of Risk Management ISBN: 9780071288934
3. Risk Identification and Measurement An Asian Publication
4. Pooling Arrangements and Diversification of Risk This is an introductory textbook on the mathematics of interest rates
5. Insurer Ownership, Financial, and Operational Structure for actuarial science students. It is written at a level of rigor that is
6. Insurance Regulation required for students majoring in actuarial science and prepares them
7. Insolvencies, Solvency Ratings,and Solvency Regulation for further analysis of financial instruments. It emphasizes an intuitive
8. Insurance Pricing treatment of the mathematics of finance and insurance, with special
9. Risk Aversion and Risk Management by Individuals and Corpora- attention to applications. Each chapter contains many examples illus-
tions trating the applications of mathematical analysis to financial products
10. Insurability of Risk, Contractual Provisions, and Legal Doctrines and personal financial management. The authors use the financial
functions in Excel as the computational tool in this book, which are
11. Loss Control
illustrated through numerous examples.
12 Legal Liability for Injuries
13. Automobile Insurance Contents
14. Homeowners Insurance
15. Life Insurance and Annuities About the Authors
16. Employee Benefits: Overview and Group Medical Coverage Preface
17. Retirement Plans List of Mathematical Symbols
18. Workers’ Compensation and Employee Injuries Chapter 1 Interest Accumulation and Time Value of Money
19. Social Security 20. Corporate Risk Management and Shareholder Chapter 2 Annuities
Wealth Chapter 3 Spot Rates, Forward Rates and the Term Structure
21. Tax, Regulatory, and Accounting Factors Affecting Corporate Chapter 4 Rates of Return
Risk Management Chapter 5 Loans and Costs of Borrowing
22. Risk Retention/Reduction Decisions Chapter 6 Bonds and Bond Pricing
23. Commercial Insurance Contracts Chapter 7 Bond Yields and the Term Structure
24. Hedging Risk with Derivative Contracts Chapter 8 Bond Management
25. Alternative Risk Transfer Chapter 9 Stochastic Interest Rates
26. Analysis Tools used in Corporate Risk Management Appendix A Review of Mathematics and Statistics
27. Enterprise Risk Management: A Case Study Appendix B Answers to Selected Exercises
28. Corporate Liability to Customers, Third Parties, and Shareholders Index
29. Issues in Liability Risk and It’s Management

BUSINESS MATHEMATICS
By Zin Ibrahim and Daud Mohamad
2008 / 292 pages
ISBN: 9789833850280
An Asian Publication
Business Mathematics is an introductory text on the practical appli-
cations of mathematics in business. Using examples and exercises,
the book illustrates the derivation of common business applications
like compound interest and annuity. Each section in this book builds
upon concepts from previous sections, thus guiding the reader to a
gradual understanding of the material in its entirety. Although this book
is aimed at students taking business-related courses, non-business
students who want to understand the calculation of financial charges
will also find the book useful.

102
Finance, Insurance & Real Estate

FINANCIAL AND ACTUARIAL MATHEMATICS


By Yiu-Kuen Tse, Singapore Management University and Wai-Sum Chan,
Financial System
Chinese University of Hong Kong
2007 (January 2007) / 400 pages
ISBN: 9780071258562
An Asian Publication
This is an introductory textbook covering the mathematics of interest ESSENTIALS OF FINANCIAL SERVICES
rates, life contingencies and loss models. It can be adopted as (1)
the main text of a one-semester first course in the mathematics of
2nd Edition
interest rates and actuarial mathematics, using selected chapters and By S Gurusamy, DG Vaishnav College
sections, (2) as the main text of a one-semester first course in the 2009 (March 2009) / 452 pages
mathematics of interest rates and investments, using all chapters in ISBN: 9780070083103
Part I, or (3) as a supplementary text of a one-semester first course
McGraw-Hill India Title
in actuarial mathematics, using all chapters in Part II.
It is designed to suit the requirements of undergraduate students of
CONTENTS commerce and management. This book provides a thorough founda-
tion to the subject of Financial Services. It deals with contemporary
About the Authors topics like merchant banking, venture capital , pension funds and
Preface covers the syllabus on toto.
List of Mathematical Symbols
Part I Financial Mathematics Contents
Chapter 1 Interest Accumulation and Time Value of Money
1. Financial Services: An Overview
Chapter 2 Annuities
2. Financial Services Environment
Chapter 3 Rates of Return
3. Merchant Banking
Chapter 4 Amortization and Sinking Fund
4. Public Issue Management
Chapter 5 Bonds
5. New Issues Market (NIM)
Chapter 6 Bond Management
6. Underwriting of Securities
Chapter 7 Applications
7. Capital Market
Chapter 8 Stochastic Interest Rates
8. Stock Exchange
Part II Actuarial Mathematics
9. SEBI: Functions and Working
Chapter 9 Survival Models and Life Contingencies
10. Leasing
Chapter 10 Life Insurance, Life Annuities and Net Premiums
11. Accounting for Lease Framework
Chapter 11 Short-term Risk Models for Life Insurance
12. Hire Purchase 20. Pension Plan
Appendices
13. Factoring
Answer Key
14. Consumer Finance
Index
15. Venture Capital
16. Mutual Funds
17. Credit Rating
18. Insurance: An Overview
19. Insurance: Regulatory
SCHAUM’S OUTLINE OF MATHEMATICAL
FINANCE
2nd Edition
By Robert L Brown, University of Waterloo, Canada, and Petr Zima,
Conestoga College, Canada FINANCIAL SERVICES
2011 (January 2011) / 304 pages 2nd Edition
ISBN: 9780071756051 By S Gurusamy, DG Vaishnav College
A Schaum Publication 2009 (May 2009) / 590 pages
Now updated to reflect the changing environment of business finance, ISBN: 9780070153349
this book includes new material on life insurance, life annuities, McGraw-Hill India Title
and more. Students learn how to master effective problem-solving
techniques with 1,224 practice problems and questions. The large Financial Services an important segment of the financial system,
number and variety of practical applications offer a feel for how to is considered an essential adjunct for the development. This book
conduct business and financial transactions in the real world. Finally, Financial Services provides a comprehensive coverage of contem-
review problems offer the opportunity for more study or self-testing. porary topics such as Factoring, Leasing, Venture Capital Financing,
Insurance, Pension Funds and Micro-Financial services.

Contents
1. Financial Services: An overview
2. Credit Cards
3. Debit Card
4. Smart Cards
5. Credit Rating
6. Commercial Bill Financing
7. Consumer Finance
8. Hire Purchase Finance
9. Insurance Services
10. Factoring and Forfeiting
11. Leasing-An Overview
12. Accounting and Reporting for Lease
13. Lease Evaluation

103
Finance, Insurance & Real Estate

14. Merchant Banking 29. Venture Capital Funds-Regulatory Framework


15. Mutual Funds 30. Venture Capital in India
16. Money Market Mutual Funds (MMMFs)
17. Public Issue Management
18. Public Issue of Securities: A Conceptual Framework
19. Securitization
20. Stock-Invest FINANCIAL SERVICES
21. Underwriting of securities 5th Edition
22. Book-Building By M Y Khan, University of Delhi
23. Venture Capital: An overviews 2009 (October 2009) / 960 pages
24. Venture Capital Funds- Regulatory Framework
ISBN: 9780070681996
25. Venture Capital in India
26. Infrastructure Financing Services McGraw-Hill India Title
27. Housing Financing Services www.mhhe.com/khanfs5e
28. M&A Advisory Services
This new edition of the leading text book on Financial Services is
29. Portfolio Management Services
aimed at reflecting the current regulatory and policy developments in
30. Credit Syndication Services the financial sector in India. The recent economic depression world
31. Asset-Liability Management Services (ALMS) wide has led to a shift in many policies for this sector. The book aims
32. Custodial Services to capture them well. This book will continue to be useful to the stu-
33. Micro Financial Services dents of the management as well as commerce disciplines. It will also
34. Depository (Demat) Services cater to the needs of professionals in the financial services sector as
35. Depository Receipts a valuable source of reference
36. Non-Banking Financial Institutions (NBFIs)
37. Stock-Trading Contents
38. Pension Fund: An Overview Chapter 1. Non-Banking Financial Companies
Chapter 2. Theoretical and Regulatory Framework of Leasing
Chapter 3. Accounting/Reporting Framework and Taxation of Leasing
Chapter 4. Financial Evaluation of Leasing
Chapter 5. Hire-Purchase Finance and Consumer Credit
FINANCIAL SERVICES AND SYSTEMS Chapter 6. Factoring and Forfaiting
2nd Edition Chapter 7. Bills Discounting
By S Gurusamy, DG Vaishnav College Chapter 8. Housing Finance
2009 (June 2009) / 456 pages Chapter 9. Insurance Services and Products
ISBN: 9780070153356 Chapter 10. Venture Capital Financing
Chapter 11. Banking: Products and Services
McGraw-Hill India Title Chapter 12. Mutual Funds: Products and Services
A good text book on this subject written by a well-known author. This Chapter 13. Issue Management: Intermediaries
book can be pitched in where our other titles on this subject do not Chapter 14. Issue Management: Activities / Procedures
fit well for any reason. Chapter 15. Issue Management: Pre-Issue and Post-Issue Obligations
and Other Requirements
Contents Chapter 16. Corporate Restructuring
Financial System Chapter 17. Stock Broking, Depositories, Custodial Services and
1. Financial System-An Overview Securities Lending Scheme
2. Macroeconomic Aggregates Chapter 18. Credit Rating
3. Indian Financial System
4. Profile of Entrepreneur
5. Global Financial System
6. Capital Structure Decisions
Financial Services
7. Financial Services-An Overview
8. Book Building
9. Credit Cards
10. Debit Cards
11. Smart Cards
12. Credit Rating
13. Commercial Bill Financing
14. Consumer Finance
15. Hire Purchase Finance
16. Insurance Services
17. Factoring and Forfeiting Invitation to Publish
18. Leasing-An Overview
19. Accounting and Reporting for Lease McGraw-Hill is interested to review your
20. Lease Evaluation textbook proposals for publication.
21. Merchant Banking Please contact your local McGraw-Hill office or
22. Mutual Funds email to asiapub@mcgraw-hill.com.
23. Money Market Mutual Funds
24. Public Issue Management Visit McGraw-Hill Education (Asia)
25. Securitization Website: http://www.mheducation.asia/publish/
26. Stock Invest
27. Underwriting of Securities
28. Venture Capital-An Overview

104
Finance, Insurance & Real Estate

Upper Division Insurance Real Estate Principles,


Analysis & Management

International edition
THEORY OF INTEREST International edition
3rd Edition REAL ESTATE PRINCIPLES
By Stephen Kellison
A Value Approach, 3rd Edition
2009 (February 2008) / 480 pages
By David C Ling and Wayne Archer of University of Florida at Gaines-
ISBN: 9780073382449 ville
ISBN: 9780071276276 [IE] 2010 (October 2009) / 704 pages
www.mhhe.com/kellison3e ISBN: 9780073377322
ISBN: 9780070167131 [IE]
The third edition of The Theory of Interest is significantly revised
and expanded from previous editions. The text covers the basic www.mhhe.com/lingarcher3e
mathematical theory of interest as traditionally developed. The book
is a thorough treatment of the mathematical theory and practical Real Estate Principles: A Value Approach demonstrates how value is
applications of compound interest, or mathematics of finance. The central to virtually all real estate decision-making. Students using Ling
pedagogical approach of the second edition has been retained in the and Archer should finish the course with a value-oriented framework,
third edition. The textbook narrative emphasizes both the importance and a set of valuation and decision making tools that can be applied in
of conceptual understanding and the ability to apply the techniques a variety of real-world situations. The key to making sound investment
to practical problems. The third edition has considerable updates that decision is to understand how property values are created, maintained,
make this book relevant to students in this course area. increased or destroyed. Since the launch of Real Estate Principals:
A Value Approach, 2e significant and lasting changes have come
upon the world of real estate. This is very true in real estate finance
Contents
and capital sources where most of the traditional lenders have been
Chapter 1: The Measurement of Interest transformed or displace, giving way to a radically different set of player
Chapter 2: Solution of Problems in Interest in mortgage finance. There has been change as well with profound
Chapter 3: Basic Annuities and far-reaching implications in a world where it is understandable
Chapter 4: More General Annuities that property values can go down as well as up. This realization will
Chapter 5: Amortization Schedules and Sinking Funds color every aspect of real estate investment, finance and transactions
for the foreseeable future.
Chapter 6: Bond and Other Securities
Chapter 7: Yield Rates
Contents
Chapter 8: Practical applications
Chapter 9: More advanced financial analysis Part 1: Setting the Stage
Chapter 10: The term structure of interest rates Chapter 1: The Nature of Real Estate and Real Estate Markets
Chapter 11: Duration, convexity and immunization Chapter 2: Value and Real Estate Decisions
Chapter 12: Stochastic approaches to interest Part 2: Legal and Regulatory Determinants of Value
Chapter 13: Options and other derivatives Chapter 3: Legal Foundations to Value
APPENDIXES Chapter 4: Conveying Real Property Interests
Appendix A: Table numbering the days of the year Chapter 5: Government Controls and Real Estate Markets
Appendix B: Illustrative mortgage loan amortization schedule Part 3: Market Analysis and Appraisal
Appendix C: Basic mathematical review Chapter 6: Market Determinants of Value
Appendix D: Statistical background Chapter 7: Forecasting Ownership Benefits and Value: Market Re-
Appendix E: Iteration methods search
Answers to the exercises Chapter 8: Valuation Using the Sales Comparison and Cost Ap-
Glossary of notation proaches
Index Chapter 9: Valuation Using the Income Approach
Part 4: Financing Home Ownership
Chapter 10: Real Estate Finance: The Laws and Contracts
Chapter 11: Residential Mortgage Types and Borrower Decisions
Chapter 12: Sources of Funds for Residential Mortgages
Part 5: Brokering and Closing the Transaction
Chapter 13: Real Estate Brokerage and Listing Contracts
Chapter 14: Contracts for Sale and Closing
Part 6: Time, Opportunity Cost and Value Decisions
Chapter 15: The Effects of Time and Risk on Value
Chapter 16: Mortgage Calculations and Decisions
Part 7: Financing and Investing in Commercial Real Estate
Chapter 17: Commercial Mortgage Types and Decisions
Chapter 18: Sources of Commercial Debt and Equity Capital
Chapter 19: Investment Decisions: Ratios
Chapter 20: Investment Decisions: NPV and IRR
Chapter 21: Income Taxation and Value
Part 8: Creating and Maintaining Value
Chapter 22: Enhancing Value through Ongoing Management
Chapter 23: Leases and Property Types
Chapter 24: Development: The Dynamics of Creating Value

105
Finance, Insurance & Real Estate

Real Estate Finance / Professional References


Investment

International edition ISLAMIC FINANCE AND BANKING SYSTEM


By Sudin Haron and Wan Nursofiza Wan Azmi
REAL ESTATE FINANCE & INVESTMENTS 2009 (July 2009) / 548 pages
14th Edition ISBN: 9789833850303 (Softcover)
By William B Brueggeman, Southern Methodist University and Jeffrey ISBN: 9789833850617 (Hardcover)
Fisher, Indiana University At Bloomington
2011 (February 2010) / 672 pages
A Professional Asian Publication
ISBN: 9780073377339 This book, Islamic Finance and Banking System: Philosophies, Princi-
ISBN: 9780071289184 [IE] ples & Practices, introduces readers to the history and development of
Islamic banking. It provides an in-depth discussion on the theoretical
www.mhhe.com/bf14e and conceptual aspects of Islamic banking. Key concepts in Islamic
Finance and Banking, and how they are applied to provide alternative
The Fourteenth Edition of Real Estate Finance and Investments pre-
Islamic Financing options, are examined. The vibrant and thriving
pares students to understand the risks and rewards associated with
takaful industry and Islamic capital market are also explored here.
investing in and financing both residential and commercial real estate.
In addition, the book evaluates the role and development of special
Concepts and techniques included in the chapters and problem sets
organizations related to the Islamic financial system.
are used in many careers related to real estate. The material in this
edition is also relevant to individuals who want to better understand
real estate for their own personal investment and financing deci- CONTENTS
sions. The Fourteenth Edition is designed to help students learn how Chapter 1: Fundamentals of Islamic Economic System
to evaluate the risk and return associated with the various ways of Chapter 2: History and Development of the Islamic Banking System
investing and lending. Upcoming students who are interested in this Chapter 3: Objectives, Philosophy and Principles of Islamic Banking
field can use this book as a guide to perform the right kind of analy- Chapter 4: The Concept of Interest, Usury and Riba
sis to make informed real estate finance and investment decisions.
Chapter 5: Laws and Regulations of Islamic Banking
Chapter 6: Operational Aspects and Practices of Islamic Banking
Contents
System
Part One Introduction Chapter 7: Islamic Financial Markets
1 Real Estate Investment: Legal Concepts Chapter 8: Islamic Insurance System
2 Basic Real Estate Financing: Notes and Mortgages Chapter 9: Organizations Related to the Islamic Banking System
3 Mortgage Law Foundation: The Time Value of Money
Part Two Financing Residential Properties
4 Fixed Rate Mortgage Loans
5 Adjustable and Floating Rate Mortgage Loans
6 Mortgages: Additional Concepts, Analysis, and Applications
7 Single Family Housing: Pricing, Investment, and Tax Considerations
8 Underwriting and Financing Residential Properties
Part Three Financing Income Properties (Debt and Equity)
9 Income-Producing Properties: Leases, Rents, and the Market for
Space
10 Valuation of Income Properties: Appraisal and the Market for
Capital
11 Investment Analysis and Taxation of Income Properties
12 Financial Leverage and Financing Alternatives
13 Risk Analysis
14 Disposition and Renovation of Income Properties
15 Financing Corporate Real Estate
Part Four Financing Proposed Projects
16 Financing Project Development
17 Financing Land Development Projects
Part Five Alternative Real Estate Financing and Investment
Vehicles
18 Structuring Real Estate Investments: Organizational Forms and
Joint Ventures
19 The Secondary Mortgage Market: Pass-Through Securities
20 The Secondary Mortgage Market: CMOs and Derivative Securities
21 Real Estate Investment Trusts (REITs) REVIEW COPY
22 Real Estate Investment Performance and Portfolio Considerations (Available for course adoption only)
Index To request for a review copy,
ƒƒ contact your local McGraw-Hill
representatives or,
ƒƒ fax the Review Copy Request Form found
in this catalog or,
ƒƒ e-mail your request to
mghasia_sg@mcgraw-hill.com or,
ƒƒ submit online at www.mheducation.asia

106
Title Index

A
Accounting and Bookkeeping: Principles and Practice [Aust] Assoc of Accounting Technicians 62

Accounting for Decision-Making and Control, 7e Zimmerman 49, 59

Accounting for Derivatives and Hedging Trombley 43

Accounting for Governmental and NonProfit Entities, 16e Reck 54

Accounting Information and Reporting Systems [Aust] Aseervatham 38

Accounting Information Systems, 2e Hurt 37

Accounting Information Systems, 3e Hurt 37

Accounting Made Easy, 2e [India] Agrawal 18

Accounting: A Framework for Decision Making, 3e [Aust] Jackling 6

Accounting: Texts and Cases, 13e Anthony 60

Accounting: Understanding and Practice, 3e [UK] Perks 10

Accounting: What the Numbers Mean, 9e Marshall 58

Accounting: What the Numbers Mean, Revised 2nd Edition [Aust] Marshall 59

Advanced Accounting, 10e Hoyle 40

Advanced Accounting, 11e Hoyle 38

Advanced Financial Accounting, 9e Baker 40


Advanced Financial Accounting, Updated Edition [Asian] Tan 42
Analysis for Financial Management, 10e Higgins 71, 101
Apple Blossom Cologne Company: Audit Case, 5e Paul 49
Auditing & Assurance Services, 2e [UK] Eilifsen 47
Auditing & Assurance Services, 4e Louwers 46
Auditing & Assurance Services, 5e Louwers 43
Auditing & Assurance Services, 8e Messier 43
Auditing after Sarbanes-Oxley, 3e Thibodeau 46
Auditing and Assurance Services in Australia, 4e [Aust] Gay 48
Auditing and Assurance Services: An Applied Approach Stuart 44
Australian Financial Accounting, 6e [Aust] Deegan 19

B
Bank Management & Financial Services, 9e Rose 95

Behavioral Corporate Finance Shefrin 82, 97

Business Finance, 10e [Aust] Peirson 82

Business Mathematics [Asian] Ibrahim 102

C
Case Studies in Finance, 6e Bruner 78, 87

Casebook to accompany Foundations of Financial Management, 14e Block 77

Cases in Corporate Finance [India] Viswanath 88

Cases in Finance, 2e DeMello 88

Cases in Finance, 2e Nunnally 89

College Accounting Chapter 1-14 with Annual Report, 2e Wild 36

College Accounting Chapter 1-29 with Annual Report, 2e Wild 7, 37

College Accounting: A Contemporary Approach, 2e Haddock 35

College Accounting: Chapters 1-30, 13e Price 36

Computer Accounting Essentials using Quickbooks Pro 2011, 5e Yacht 30

107
Title Index
Computer Accounting Essentials using Quickbooks Pro 2012, 6e Yacht 29

Computer Accounting using MYOB Business Software: Version 19.5, 13e [Aust] Neish 31

Computer Accounting with Peachtree by Sage Complete Accounting 2011: Release 19.0, 15e Yacht 30

Computer Accounting with Peachtree Complete 2012: Release 19.0, 16e Yacht 29

Computer Accounting with Quickbooks Pro 2011: MP - wQBPremAccCD, with Student CD, 13e Kay 29

Computer Accounting with Quickbooks Pro 2012, 14e Kay 29

Consolidated Financial Statements, 2e [Asian] Ng 41

Corporate Finance with S&P Card, 9e Ross 81

Corporate Finance: Core Principles and Applications, 3e Ross 81

Cost Accounting: Principles and Applications, 7e Brock 35

Cost Management: A Strategic Emphasis, 5e Blocher 34

Cost Management: Strategies for Business Decisions, 4e Hilton 34

D
Derivatives Sundaram 92

E
Enterprise Information Systems: A Pattern-Based Approach, 3e Dunn 38

Equity Valuation and Analysis, 2e Lundholm 57

Essentials of Accounting for Governmental and Not-for-Profit Organizations, 11e Copley 53

Essentials of Advanced Financial Accounting Baker 39

Essentials of Coporate Finance, 2e [Aust Adaptation] Ross 76

Essentials of Corporate Finance, 7e Ross 74

Essentials of Financial Services, 2e [India] Gurusamy 103

Essentials of Investments with S&P Card, 8e Bodie 85

Ethical Obligations and Decision-Making in Accounting: Text and Cases, 2e Mintz 46, 62

F
Finance and Investments using the Wall Street Journal Crabb 79
Finance: Applications and Theory, 2e Cornett 68

Financial & Managerial Accounting, 16e Williams 5

Financial Accounting [India] Gabriel 18

Financial Accounting and Reporting [UK] Collins 19

Financial Accounting Theory, 2e [UK] Deegan 54

Financial Accounting Theory, 3e [Aust] Deegan 55

Financial Accounting, 15e Williams 14

Financial Accounting, 2e Spiceland 16

Financial Accounting, 7e Libby 15

Financial Accounting: A New Perspective Solomon 20

Financial Accounting: An IFRS Perspective [Asian Adaptation] Wild 16

Financial Accounting: Including International Financial Reporting Standards (IFRS) [Asian] Williams 19

Financial Accounting: Information for Decisions, 6e Wild 12

Financial Accounting: Making the Connection Spiceland 11


Financial Accounting: with IFRS Fold Out Primer, 5e Wild 17
Financial and Actuarial Mathematics [Asian] Tse 103
Financial Derivatives: Markets and Applications in Malaysia, 2e [Asian] Obiyathulla 92

108
Title Index
Financial Institutions Management: A Risk Management Approach, 7e Saunders 93

Financial Institutions, Instruments and Markets, 6e [Aust] Viney 95

Financial Management for Beginners, 3e [Asian] Samad 75

Financial Management: Text, Problems and Cases, 6e [India] Khan 73, 80

Financial Market [Asian] Pok 94

Financial Market Essentials [Aust] Viney 94

Financial Markets & Institutions, 5e Saunders 93

Financial Markets and Corporate Strategy, 2e Grinblatt 82

Financial Markets and Corporate Strategy, 2e [UK Adaptation] Hillier 72

Financial Mathematics for Actuaries [Asian] Chan 102

Financial Planning and Wealth Management: An International Perspective [Asian] Cheng 97

Financial Reporting and Analysis, 5e Revsine 56, 60

Financial Services and Systems, 2e [India] Gurusamy 104

Financial Services, 2e [India] Gurusamy 103

Financial Services, 5e [India] Khan 104

Financial Statement Analysis and Security Valuation, 5e Penman 56

Financial Statement Analysis, 10e Subramanyan 57


FinGame 5.0 Participant’s Manual with Registration Code, 5e Brooks 78
Forensic Accounting and Fraud Examination, 2e Hopwood 61
Foundations of Financial Management with Time Value of Money Card, 14e Block 72
Fundamental Accounting Principles, 20e Wild 7

Fundamental Accounting Principles: Including International Financial Reporting Standards Wild 5

(IFRS)

Fundamental Financial Accounting Concepts, 7e Edmonds 14


Fundamental Financial Accounting Concepts, 8e Edmonds 11
Fundamental Financial and Managerial Accounting Concepts with H-D Annual Report Edmonds 8

Fundamental Managerial Accounting Concepts, 6e Edmonds 23


Fundamentals of Advanced Accounting, 4e Hoyle 41
Fundamentals of Advanced Accounting, 5e Hoyle 39

Fundamentals of Corporate Finance [UK] Hillier 73

Fundamentals of Corporate Finance, 5e [Aust Adaptation] Ross 76

Fundamentals of Corporate Finance, 5e [UK Adaptation] Firer 71

Fundamentals of Corporate Finance, 7e Brealey 67

Fundamentals of Corporate Finance, 9e Ross 77

Fundamentals of Corporate Finance: Alternate Edition, 10e Ross 65

Fundamentals of Corporate Finance: An Asian Perspective [Asian Adaptation] Ross 74

Fundamentals of Corporate Finance: Standard Edition, 10e Ross 66

Fundamentals of Cost Accounting, 3e Lanen 33

Fundamentals of Financial Accounting with Annual Report, 3e Phillips 15

Fundamentals of Financial Management, 5e [India] Chandra 75

Fundamentals of Investment Management, 10e Hirt 83


Fundamentals of Investments, 6e Jordan 83
Fundamentals of Taxation: 2012 Edition, 5e Cruz 50
Futures and Options [Asian] Parameswaran 91

109
Title Index

I
Intermediate Accounting with British Airways Annual Report, 6e Spiceland 32

Intermediate Accounting, 7e Spiceland 31

Intermediate Financial Reporting: An IFRS Perspective [Asian] Lam 32

Intermediate Financial Reporting: An IFRS Perspective, 2e [Asian] Lam 31

International Accounting, 3e Doupnik 55

International Corporate Finance Robin 96

International Finance: An Analytical Approach, 3e [Aust] Moosa 96

International Financial Management, 6e Eun 96

Introduction to Accounting: An Integrated Approach, 6e Ainsworth 6

Introduction to Financial Accounting, 6e [UK] Thomas 20

Introduction to Financial Accounting, 7e, (The) [UK] Thomas 13

Introduction to Managerial Accounting, 5e Brewer 27

Introduction to Managerial Accounting, 6e Brewer 22

Investment, 2e Hirschey 86

Investments, 9e Bodie 84, 87

Islamic Finance and Banking System [Asian Prof] Haron 106

M
M: Finance Cornett 69

Manageial Accounting, 14e Garrison 23

Management Accounting & Connect Plus, 6e [Aust] Langfield-Smith 25

Management Accounting for Business Decisions [UK] Seal 27

Management Accounting, 4e [UK Adapation] Seal 26

Management Accounting, 5e [India] Khan 28

Management Accounting, Revised Edition, 3e [Aust] Neish 28

Management Control Systems, 12e Anthony 61

Managerial Accounting Whitecotton 27

Managerial Accounting for Managers, 2e Noreen 26

Managerial Accounting, 9e Hilton 24

Managerial Accounting: An Asian Perspective [Asian] Garrison 24

Managing Your Personal Finance [Asian] Chan 100

McGraw-Hill’s Taxation of Individuals and Business Entities: 2013 Edition, 4e Spiler 50

McGraw-Hill’s Taxation of Individuals and Business Entitities: 2012 Edition, 3e Spilker 52

McGraw-Hill’s Taxation of Individuals: 2012 Edition, 3e Spilker 51

McGraw-Hill’s Taxation of Individuals: 2013 Edition, 4e Spilker 49

Merchant Banking and Financial Services, 3e [India] Gurusamy 89

Modern Advanced Accounting, 10e Larsen 42

Money and Capital Markets, 10e Rose 89

P
Peach Blossom Cologne Company, 4e Paul 48

Personal Finance Walker 98

Personal Finance, 10e Kapoor 99

Personal Financial Planning Altfest 100

Principles and Contemporary Issues in Internal Auditing [Asian] Mary Lee 48

110
Title Index
Principles of Accounting, 19e [Asian Adaptation] Wild 8

Principles of Auditing and Other Assurance Services, 18e Whittington 44

Principles of Corporate Finance, 10e Brealey 79

Principles of Corporate Finance: Concise, 2e Brealey 80

Principles of Taxation for Business and Investment Planning: 2012 Edition, 15e Jones 50

Principles of Taxation for Business and Investment Planning: 2013 Edition, 16e Jones 49

R
Real Estate Finance & Investments, 14e Brueggeman 106

Real Estate Principles: A Value Approach, 3e Ling 105

Risk Management and Insurance, 2e Harrington 102

Running Money: Professional Portfolio Management Stewart 91

S
Schaum’s Easy Outline of Accounting, Revised Edition Lerner 9

Schaum’s Easy Outline of Bookkeeping and Accounting, Revised Edition Lerner 21

Schaum’s Easy Outline of Principles of Accounting Lerner 9

Schaum’s Outline of Bookkeeping and Accounting, 4e Lerner 8, 21, 62


Schaum’s Outline of Cost Accounting, 3e Polimeni 35
Schaum’s Outline of Financial Accounting, Revised 2nd Edition Shim 21
Schaum’s Outline of Financial Management, 3e Shim 9, 79
Schaum’s Outline of Intermediate Accounting I: Revised, 2e Englard 33
Schaum’s Outline of Intermediate Accounting II, 2e Englard 33
Schaum’s Outline of Investments, 2e Francis 86
Schaum’s Outline of Managerial Accounting, Revised 2nd Edition Shim 28
Schaum’s Outline of Mathematical Finance, 2e Brown 103
Schaum’s Outline of Principles of Accounting I, 5e Lerner 9

Schaum’s Outline of Principles of Accounting II, 4e Lerner 10


Schaum’s Quick Guide to Business Finance: 201 Decision-Making Tools for Business, Shim 79
Finance, and Accounting Students

Security Analysis and Portfolio Management [India] Sasidharan 90


Survey of Accounting, 3e Edmonds 58

T
Taxation in Singapore [Asian] Poh 52

Taxation of Business Entities: 2012 Edition, 3e Spilker 51

Taxation of Business Entities: 2013 Edition, 4e Spilker 49

Theory of Interest, 3e Kellison 77, 105

U
Understanding Mutual Funds [India] Shashikant 85

111
Author Index

A
Assoc of Accounting and Bookkeeping: Principles and Practice [Aust] 62

Accounting Technicians

Agrawal Accounting Made Easy, 2e [India] 18

Ainsworth Introduction to Accounting: An Integrated Approach, 6e 6

Altfest Personal Financial Planning 100

Anthony Accounting: Texts and Cases, 13e 60

Anthony Management Control Systems, 12e 61

Aseervatham Accounting Information and Reporting Systems [Aust] 38

B
Baker Advanced Financial Accounting, 9e 40

Baker Essentials of Advanced Financial Accounting 39

Blocher Cost Management: A Strategic Emphasis, 5e 34

Block Casebook to accompany Foundations of Financial Management, 14e 77

Block Foundations of Financial Management with Time Value of Money Card, 14e 72

Bodie Essentials of Investments with S&P Card, 8e 85

Bodie Investments, 9e 84, 87

Brealey Fundamentals of Corporate Finance, 7e 67

Brealey Principles of Corporate Finance, 10e 79

Brealey Principles of Corporate Finance: Concise, 2e 80

Brewer Introduction to Managerial Accounting, 5e 27

Brewer Introduction to Managerial Accounting, 6e 22

Brock Cost Accounting: Principles and Applications, 7e 35

Brooks FinGame 5.0 Participant’s Manual with Registration Code, 5e 78

Brown Schaum’s Outline of Mathematical Finance, 2e 103

Brueggeman Real Estate Finance & Investments, 14e 106

Bruner Case Studies in Finance, 6e 78, 87

C
Chan Financial Mathematics for Actuaries [Asian] 102

Chan Managing Your Personal Finance [Asian] 100

Chandra Fundamentals of Financial Management, 5e [India] 75

Cheng Financial Planning and Wealth Management: An International Perspective [Asian] 97

Collins Financial Accounting and Reporting [UK] 19

Copley Essentials of Accounting for Governmental and Not-for-Profit Organizations, 11e 53

Cornett Finance: Applications and Theory, 2e 68

Cornett M: Finance 69

Crabb Finance and Investments using the Wall Street Journal 79

Cruz Fundamentals of Taxation: 2012 Edition, 5e 50

112
Author Index

D
Deegan Australian Financial Accounting, 6e [Aust] 19

Deegan Financial Accounting Theory, 2e [UK] 54

Deegan Financial Accounting Theory, 3e [Aust] 55

DeMello Cases in Finance, 2e 88

Doupnik International Accounting, 3e 55

Dunn Enterprise Information Systems: A Pattern-Based Approach, 3e 38

E
Edmonds Fundamental Financial Accounting Concepts, 7e 14

Edmonds Fundamental Financial Accounting Concepts, 8e 11

Edmonds Fundamental Financial and Managerial Accounting Concepts with H-D Annual Report 8

Edmonds Fundamental Managerial Accounting Concepts, 6e 23

Edmonds Survey of Accounting, 3e 58

Eilifsen Auditing & Assurance Services, 2e [UK] 47

Englard Schaum’s Outline of Intermediate Accounting I: Revised, 2e 33

Englard Schaum’s Outline of Intermediate Accounting II, 2e 33

Eun International Financial Management, 6e 96

F
Firer Fundamentals of Corporate Finance, 5e [UK Adaptation] 71

Francis Schaum’s Outline of Investments, 2e 86

G
Gabriel Financial Accounting [India] 18

Garrison Manageial Accounting, 14e 23

Garrison Managerial Accounting: An Asian Perspective [Asian] 24

Gay Auditing and Assurance Services in Australia, 4e [Aust] 48

Grinblatt Financial Markets and Corporate Strategy, 2e 82

Gurusamy Essentials of Financial Services, 2e [India] 103

Gurusamy Financial Services and Systems, 2e [India] 104

Gurusamy Financial Services, 2e [India] 103

Gurusamy Merchant Banking and Financial Services, 3e [India] 89

H
Haddock College Accounting: A Contemporary Approach, 2e 35

Haron Islamic Finance and Banking System [Asian Prof] 106

Harrington Risk Management and Insurance, 2e 102

Higgins Analysis for Financial Management, 10e 71, 101

Hillier Financial Markets and Corporate Strategy, 2e [UK Adaptation] 72

Hillier Fundamentals of Corporate Finance [UK] 73

Hilton Cost Management: Strategies for Business Decisions, 4e 34

Hilton Managerial Accounting, 9e 24

Hirschey Investment, 2e 86

Hirt Fundamentals of Investment Management, 10e 83

Hopwood Forensic Accounting and Fraud Examination, 2e 61

Hoyle Advanced Accounting, 10e 40

113
Author Index
Hoyle Advanced Accounting, 11e 38

Hoyle Fundamentals of Advanced Accounting, 4e 41

Hoyle Fundamentals of Advanced Accounting, 5e 39

Hurt Accounting Information Systems, 2e 37

Hurt Accounting Information Systems, 3e 37

I
Ibrahim Business Mathematics [Asian] 102

J
Jackling Accounting: A Framework for Decision Making, 3e [Aust] 6

Jones Principles of Taxation for Business and Investment Planning: 2012 Edition, 15e 50

Jones Principles of Taxation for Business and Investment Planning: 2013 Edition, 16e 49

Jordan Fundamentals of Investments, 6e 83

K
Kapoor Personal Finance, 10e 99

Kay Computer Accounting with Quickbooks Pro 2011: MP - wQBPremAccCD, with Student CD, 13e 29

Kay Computer Accounting with Quickbooks Pro 2012, 14e 29


Kellison Theory of Interest, 3e 77, 105
Khan Financial Management: Text, Problems and Cases, 6e [India] 73, 80
Khan Financial Services, 5e [India] 104
Khan Management Accounting, 5e [India] 28

L
Lam Intermediate Financial Reporting: An IFRS Perspective [Asian] 32

Lam Intermediate Financial Reporting: An IFRS Perspective, 2e [Asian] 31

Lanen Fundamentals of Cost Accounting, 3e 33

Langfield-Smith Management Accounting & Connect Plus, 6e [Aust] 25

Larsen Modern Advanced Accounting, 10e 42

Lerner Schaum’s Easy Outline of Accounting, Revised Edition 9

Lerner Schaum’s Easy Outline of Bookkeeping and Accounting, Revised Edition 21

Lerner Schaum’s Easy Outline of Principles of Accounting 9

Lerner Schaum’s Outline of Bookkeeping and Accounting, 4e 8, 21, 62

Lerner Schaum’s Outline of Principles of Accounting I, 5e 9

Lerner Schaum’s Outline of Principles of Accounting II, 4e 10

Libby Financial Accounting, 7e 15

Ling Real Estate Principles: A Value Approach, 3e 105

Louwers Auditing & Assurance Services, 4e 46

Louwers Auditing & Assurance Services, 5e 43

Lundholm Equity Valuation and Analysis, 2e 57

M
Marshall Accounting: What the Numbers Mean, 9e 58

Marshall Accounting: What the Numbers Mean, Revised 2nd Edition [Aust] 59

Mary Lee Principles and Contemporary Issues in Internal Auditing [Asian] 48

Messier Auditing & Assurance Services, 8e 43

114
Author Index
Mintz Ethical Obligations and Decision-Making in Accounting: Text and Cases, 2e 46, 62

Moosa International Finance: An Analytical Approach, 3e [Aust] 96

N
Neish Computer Accounting using MYOB Business Software: Version 19.5, 13e [Aust] 31

Neish Management Accounting, Revised Edition, 3e [Aust] 28

Ng Consolidated Financial Statements, 2e [Asian] 41

Noreen Managerial Accounting for Managers, 2e 26

Nunnally Cases in Finance, 2e 89

O
Obiyathulla Financial Derivatives: Markets and Applications in Malaysia, 2e [Asian] 92

P
Parameswaran Futures and Options [Asian] 91

Paul Peach Blossom Cologne Company, 4e 48

Paul Apple Blossom Cologne Company: Audit Case, 5e 49

Peirson Business Finance, 10e [Aust] 82

Penman Financial Statement Analysis and Security Valuation, 5e 56


Perks Accounting: Understanding and Practice, 3e [UK] 10
Phillips Fundamentals of Financial Accounting with Annual Report, 3e 15
Poh Taxation in Singapore [Asian] 52
Pok Financial Market [Asian] 94
Polimeni Schaum’s Outline of Cost Accounting, 3e 35
Price College Accounting: Chapters 1-30, 13e 36

R
Reck Accounting for Governmental and NonProfit Entities, 16e 54

Revsine Financial Reporting and Analysis, 5e 56, 60

Robin International Corporate Finance 96

Rose Bank Management & Financial Services, 9e 95

Rose Money and Capital Markets, 10e 89

Ross Corporate Finance with S&P Card, 9e 81

Ross Corporate Finance: Core Principles and Applications, 3e 81

Ross Essentials of Coporate Finance, 2e [Aust Adaptation] 76

Ross Essentials of Corporate Finance, 7e 74

Ross Fundamentals of Corporate Finance, 5e [Aust Adaptation] 76

Ross Fundamentals of Corporate Finance, 9e 77

Ross Fundamentals of Corporate Finance: Alternate Edition, 10e 65

Ross Fundamentals of Corporate Finance: An Asian Perspective [Asian Adaptation] 74

Ross Fundamentals of Corporate Finance: Standard Edition, 10e 66

115
Author Index

S
Samad Financial Management for Beginners, 3e [Asian] 75

Sasidharan Security Analysis and Portfolio Management [India] 90

Saunders Financial Institutions Management: A Risk Management Approach, 7e 93

Saunders Financial Markets & Institutions, 5e 93

Seal Management Accounting for Business Decisions [UK] 27

Seal Management Accounting, 4e [UK Adapation] 26

Shashikant Understanding Mutual Funds [India] 85

Shefrin Behavioral Corporate Finance 82, 97

Shim Schaum’s Outline of Financial Accounting, Revised 2nd Edition 21

Shim Schaum’s Outline of Financial Management, 3e 9, 79

Shim Schaum’s Outline of Managerial Accounting, Revised 2nd Edition 28

Shim Schaum’s Quick Guide to Business Finance: 201 Decision-Making Tools for Business, Finance, and 79

Accounting Students

Solomon Financial Accounting: A New Perspective 20

Spiceland Financial Accounting, 2e 16

Spiceland Financial Accounting: Making the Connection 11

Spiceland Intermediate Accounting with British Airways Annual Report, 6e 32

Spiceland Intermediate Accounting, 7e 31

Spiler McGraw-Hill’s Taxation of Individuals and Business Entities: 2013 Edition, 4e 50

Spilker McGraw-Hill’s Taxation of Individuals and Business Entitities: 2012 Edition, 3e 52

Spilker McGraw-Hill’s Taxation of Individuals: 2012 Edition, 3e 51

Spilker McGraw-Hill’s Taxation of Individuals: 2013 Edition, 4e 49

Spilker Taxation of Business Entities: 2012 Edition, 3e 51

Spilker Taxation of Business Entities: 2013 Edition, 4e 49

Stewart Running Money: Professional Portfolio Management 91

Stuart Auditing and Assurance Services: An Applied Approach 44

Subramanyan Financial Statement Analysis, 10e 57

Sundaram Derivatives 92

T
Tan Advanced Financial Accounting, Updated Edition [Asian] 42

Thibodeau Auditing after Sarbanes-Oxley, 3e 46

Thomas Introduction to Financial Accounting, 6e [UK] 20

Thomas Introduction to Financial Accounting, 7e, (The) [UK] 13

Trombley Accounting for Derivatives and Hedging 43

Tse Financial and Actuarial Mathematics [Asian] 103

V
Viney Financial Institutions, Instruments and Markets, 6e [Aust] 95

Viney Financial Market Essentials [Aust] 94

Viswanath Cases in Corporate Finance [India] 88

116
Author Index

W
Walker Personal Finance 98

Whitecotton Managerial Accounting 27

Whittington Principles of Auditing and Other Assurance Services, 18e 44

Wild College Accounting Chapter 1-14 with Annual Report, 2e 36

Wild College Accounting Chapter 1-29 with Annual Report, 2e 7, 37

Wild Financial Accounting: An IFRS Perspective [Asian Adaptation] 16

Wild Financial Accounting: Information for Decisions, 6e 12

Wild Financial Accounting: with IFRS Fold Out Primer, 5e 17

Wild Fundamental Accounting Principles, 20e 7

Wild Fundamental Accounting Principles: Including International Financial Reporting Standards (IFRS) 5

Wild Principles of Accounting, 19e [Asian Adaptation] 8

Williams Financial & Managerial Accounting, 16e 5

Williams Financial Accounting, 15e 14

Williams Financial Accounting: Including International Financial Reporting Standards (IFRS) [Asian] 19

Y
Yacht Computer Accounting Essentials using Quickbooks Pro 2011, 5e 30

Yacht Computer Accounting Essentials using Quickbooks Pro 2012, 6e 29

Yacht Computer Accounting with Peachtree by Sage Complete Accounting 2011: Release 19.0, 15e 30

Yacht Computer Accounting with Peachtree Complete 2012: Release 19.0, 16e 29

Z
Zimmerman Accounting for Decision-Making and Control, 7e 49, 59

117
REVIEW COPY REQUEST FORM

McGraw-Hill Education (Asia) u Professors/lecturers who are interested to review titles listed in this
60 Tuas Basin Link catalog for text adoption consideration, please complete this
Singapore 638775 request form and fax to your local McGraw-Hill office (see inside
Tel (65) 6863 1580 back cover for fax number) or to McGraw-Hill Singapore.
Fax (65) 6862 3354 u Requests for examination copies are subject to approval. Mc-
Graw-Hill reserve the right to refuse any requests which do not
www.mheducation.asia relate to teaching.
u Please make copies of this form if necessary.

REQUESTED BY
Name Room #

Department

University

Address

Tel Fax

Email address

COMP REQUEST

Please indicate ISBN No, Author & Title

1)

2)

3)

4)

5)

Course Name Enrolment

Subject Commencement Date

Decision Date Individual Decision Group Decision

Current Text Used


McGRAW-HILL MAILING LIST

McGraw-Hill Education (Asia) Please include me in your mailing list for information on Mc-
60 Tuas Basin Link Graw-Hill books.
Singapore 638775 Please email information on McGraw-Hill books to my email
Tel (65) 6863 1580 address at
Fax (65) 6862 3354

www.mheducation.asia I am already on your mailing list but my address has changed.
Please update my record to the following new address.

Name
(Mr / Ms / Dr / Prof) (Underline family name)

Position

Department

University

Address

Postal Code

Tel Fax

Email address

o Industrial & Plant Engineering o Mass Communication


SUBJECT OF INTEREST
o Mechanical Engineering o Music
o Accounting
o Medical Science o Philosophy & Religion
o Advertising
o Dentistry o Physical Education
o Business Management
o Nursing o Political Science
o Finance & Investment
o Agriculture o Psychology
o Marketing
o Biology o Sociology
o Economics
o Chemistry
o Human Resource Management
o Forestry
o Insurance & Real Estate Please return by fax at (65) 6862 3354
o Geography & Geology to McGraw-Hill Education (Asia)
o Training
o Physics & Astronomy Singapore office.
o Computing
o Zoology
o Aeronautical & Aerospace
Engineering o Mathematics & Statistics
o Architecture & Urban Planning o Art & Humanities McGraw-Hill Education (Asia) respects your privacy.
We use your contact information to fulfill your

o Chemical Engineering o Education request and service your account and to provide
you with additional information from McGraw-

o Civil Engineering o English Hill (Asia) and other parts of The McGraw-Hill
Companies, Inc. We occasionally make a portion
o Construction o English as a 2nd Language/ELT of our mailing list available to selected third party
companies whose products or services may be of
o Electronics & Communications o Foreign Language interest to you. For further information or to let us
know your preferences with respect to receiving
o Electrical Engineering o Health & Nutrition marketing materials, please send an email to
marketingsvc_mhea@mcgraw-hill.com or write
o General Engineering o History to McGraw-Hill Education (Asia), 60 Tuas Basin
Link, Singapore 638775. View The McGraw-Hill
o Law Companies Customer Privacy Policy at http://www.
mcgraw-hill.com/privacy.html
o Library Science
M c G R AW - H I L L E D U C A T I O N ( A S I A )

SINGAPORE
(also servicing Brunei & Mauritius)
McGraw-Hill Education (Asia)
60 Tuas Basin Link, Singapore 638775
Tel: (65) 6863 1580 • Customer Service Hotline: (65) 6868 8188
Fax (65) 6862 3354
eMail: mghasia_sg@mcgraw-hill.com • website: www.mheducation.asia

CHINA JAPAN TAIWAN


(Representative Office) McGraw-Hill Education Japan McGraw-Hill Int’l Enterprises, Inc
McGraw-Hill Int’l Enterprises, Inc 3F, Ascend Shimbashi 7/F, No: 53 Bo-Ai Road
Suite 906, 9/F, SP Tower A 6-19-19 Shimbashi, Minato-ku Taipei 100
Tsinghua Science Park Tokyo 105-0004 Taiwan
No. 1, Zhongguancun East Road Japan Tel: (886-2) 2311 3000
Haidian District Tel: (81-3) 5408 1888 Fax: (886-2) 2388 8822
Beijing 100084, P R China Fax: (81-3) 5408 1880 eMail: mietw_mhe@mcgraw-hill.com
Tel: (86-10) 6279 0299 eMail: mhejpn@mcgraw-hill.com
Fax: (86-10) 6279 0292
eMail: instructorchina@mcgraw-hill.com
KOREA THAILAND
McGraw-Hill Korea Inc (also servicing Cambodia & Laos)
HONG KONG 3F, Ji-Woo Bldg McGraw-Hill Int’l Enterprises, Inc
McGraw-Hill Int’l Enterprises, Inc 376-12 Seokyo-Dong 40/27 Soi Inthamara 8
Suites 2906-10, Tower 2 Mapo-Ku Suthisarn Road, Phayathai
Times Square Seoul 121-210, Korea Bangkok 10400, Thailand
1, Matheson Street, Causeway Bay Tel: (82-2) 325 2351 Tel: (66-2) 615 6555
Hong Kong Fax: (82-2) 325 2371 Fax: (66-2) 615 6500
Tel: (85-2) 2730 6640 eMail: miekr_mhe@mcgraw-hill.com eMail: mieth_mhe@mcgraw-hill.com
Fax: (85-2) 2730 2085
eMail: miehk_mhe@mcgraw-hill.com
MALAYSIA
McGraw-Hill Malaysia Sdn Bhd VIETNAM
INDIA No. 40, Jalan Pengacara U1/48 (Representative Office)
(also servicing Bangladesh, Pakistan, Temasya Industrial Park McGraw-Hill Int’l Enterprises, Inc
Nepal & Sri Lanka) 40150 Shah Alam The Nomad Offices
Selangor Darul Ehsan, Malaysia Level 16 & 17 Gemadept Tower
Tata McGraw-Hill Education Private
Tel: (60-3) 7627 6888 6 Le Thanh Ton Street
Limited
Fax: (60-3) 7627 6838 Ben Nghe Ward, District 1
B-4, Sector 63
eMail: msia_mhe@mcgraw-hill.com Ho Chi Minh City
Distt Gautam Budh Nagar
Vietnam
Noida, UP-201301, India
Tel: (84-8) 6255 6829; (84-8) 6255 6889
Tel: (91-12) 438 3400
Fax: (91-12) 438 3401 - 403 PHILIPPINES Fax: (84-8) 6255 6801
(Appointed Agent) eMail: van_yen_quang@mcgraw-hill.com
eMail: saurabh_sharma@mcgraw-hill.com
Ideacademy Inc.
Unit LG5 Alfaro Place
146 L.P. Leviste Street
INDONESIA
Salcedo Village
(Appointed Agent) Makati City, Metro Manila
P T Media Global Edukasi Philippines
Imperium Design 27 Tel: (63-2) 519 2672 / 519 2675
Lippo Karawaci Fax: (63-2) 519 2676
Tangerang 15810 eMail: myla_katzav@ideacademyinc.biz
Indonesia
Tel: (62-21) 28899 961 / 28899 962
Fax: (62-21) 65702417
eMail: info@mge.co.id
Accounting & Finance 2012
Preparing Students for
the World That Awaits

McGraw-Hill Higher Education empowers instructors to help students succeed academically


now and into the future by providing flexible, superior-quality solutions that serve the
needs of instructors and students end to end - from textbooks and digital instructional
content and tools to innovate subject mastery, experiential learning and assignment/
assessment solutions.

Connect.
We connect instructors and students to valuable course content
and resources - and we connect instructors and students to each
other - with the best traditional and digital teaching tools.

Learn.
We enable greater learning and deeper comprehension with the
highest-quality tools and content that let students engage with
Accounting
&
their coursework when, where and however they learn best.

Succeed.
We provide the learning resources students need to connect
success in the classroom with success in the world that awaits. Finance
2012

McGraw-Hill Education (Asia)


60 Tuas Basin Link
Singapore 638775
Tel (65) 6863 1580
Fax (65) 6862 3354
email: mghasia_sg@mcgraw-hill.com
website: www.mheducation.asia C11-000813-X

You might also like